In the bustling bazaar of modern finance, where dreams clash with deception, behold the drama of GMX! This decentralized exchange, pulsating on the Arbitrum, was beset by the tempests of greed. A bold thief, cunning like a fox and clever as a politician, plundered a whopping $40 million from its v1 liquidity pool, all while twirling their metaphorical mustache and chuckling. 😂
As if plucking ripe fruit from the tree, the rascal manipulated the values of GLP tokens, leaving a trail of chaos. But, as is often the case in this grand theater, the plot thickened! After partaking in their dastardly deeds, the villain left an on-chain message, as if it were a casual note: “Ok, funds will be returned later.” Oh, how charming! 💌 This audacious claim caught the attention of the vigilant guardians at PeckShield, who surely had a chuckle at the absurdity of it all.
Like a magician pulling rabbits from a hat, within the hour, our ‘noble bandit’ started returning the loot! They accepted the white hat bounty, signaling their change of heart or perhaps just a clever ruse—who can tell? 🎩✨
#PeckShieldAlert #GMX The illustrious message of the exploiter: funds will be returned later
— PeckShieldAlert (@PeckShieldAlert) July 11, 2025
Identified by the moniker “GMX Exploiter 2,” our enigmatic character returned über $9 million in Ether, as if they were just returning a borrowed lawnmower. In the grand tradition of phonies and rogues, they also graciously sent back over $5.5 million in FRAX tokens, because why not? It’s a buffet after all! 🍽️
And in another act of benevolence, they returned FRAX with an added sprinkle of $5 million! They’re practically handing out snacks at this point! 🍬 The total tally of generosity? About $20 million worth of cryptocurrencies returned to the rightful owners. Bravo, maestro! 👏
#PeckShieldAlert #GMX The benevolent exploiter has returned 5.49M $FRAX to #GMX: Deployer
— PeckShieldAlert (@PeckShieldAlert) July 11, 2025
What Happened After the Attack?
Not one to miss an opportunity, GMX swiftly announced a $5 million bounty—12.5% of the loot—for the return of the funds, showcasing the bizarre honor among thieves. Such noble intentions in the world of digital currencies! 🏅
However, they declared that this caper would be dubbed a white hat hack, as if cutting the villain a slice of pie to indulge their sweet tooth without consequences. “Attempting to enact a heist can be forgiven if one returns the spoils!” and thus did the team extend a 48-hour window for the miscreant to return their gains before bringing out the lawyers, because nothing says ‘trust me’ quite like a legal warning! 📜
“Keep 10% for yourself,” they coaxed, “but bring back the other 90%,” as though lighthouses gloriously illuminated the way to righteousness in this tumultuous sea of pixels. 💡
This delightful fiasco is but a common tale in the realm of cryptocurrency! Hackers, like hungry wolves, often exploit oracles or manipulate internal data, sending token values into a tailspin, swindling assets and leaving us mere mortals aghast. Just weeks prior, Resupply.Fi fell victim, besotted by a meager $9.6 million, leaving us a little chuckle in the shadows of this digital circus! 🎪
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2025-07-11 19:40