GMX HALTS TRADING, TOKEN MINTING FOLLOWING $40M EXPLOIT

Summary from the TLDR InfoSec newsletter

The GMX protocol halted trading on GMX V1, the first version of the GMX perpetual exchange deployed on the Arbitrum network, after a liquidity pool suffered an exploit that resulted in $40 million in funds being stolen. The attacked pool is a liquidity provider for the GMX protocol with underlying assets that include Bitcoin, Ether, and stablecoins. Blockchain security company SlowMist attributed the exploit to a design flaw that allowed hackers to manipulate the GLP token price.