GMX Suffers $42 Million Exploit—Hacker Drains Liquidity Pool and Vanishes

TL;DR An attacker drained $42 million from GMX V1’s GLP liquidity pool on Arbitrum, forcing the suspension of operations on that version and on Avalanche. The exploit affected only V1; V2 and its markets remain operational. The attacker swapped the stolen funds for ETH, DAI, FRAX, wBTC, and wETH. The GMX token dropped 18% following. . . source: https://crypto-economy.com/gmx-suffers-42-million-exploit-hacker-drains-liquidity-pool-and-vanishes/