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Security firm PeckShield discloses details of GMX protocol vulnerability

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#DeFi
$GMX
ChainCatcher
311Words
Jul 9, 2025

Blockchain security firm PeckShield has released a report stating that the $GMX protocol has a vulnerability in its Assets Under Management (AUM) calculation method, resulting in hacker attacks causing losses of over $40.00 million. The firm has submitted a complete technical analysis report to the project team, confirming the specific cause of the vulnerability. PeckShield specifically warns that all forked protocols based on the $GMX v1 version face the same security risks and recommends that related projects immediately take defensive measures, suspending leveraged trading and GLP token minting functions. [ChainCatcher]

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