$42M gone from @GMX_IO due to flawed contract logic.

It’s a brutal reminder: unchecked code and open access still dominate the space.

On Haven1, that’s not how we operate.
Security isn’t a feature it’s the foundation. 🔒

⚠️ $42M hack on @GMX_IO . Funds already washed via Circle.

FailSafe just detected a major exploit on GMX: ~$42M stolen, swapped into USDT0 and USDC, and moving rapidly through Circle's infrastructure.

Circle had the technical ability and a clear time window to freeze these funds, but they’re notoriously slow on incident response.

Fast money needs faster security.

🧵