Summary: Decentralized exchange GMX might have suffered price manipulation on the AVAX/USD pair. Estimates losses from the incident exceed $500,000, per reports. The exploit was first noticed by on-chain security firm PeckShiled but the tweet was deleted shortly after. GMX responded with a cap on AVAX long and short futures trading. GMX, a decentralized crypto exchange powered by Artibitrum and Avalanche, supposedly fell victim to a price manipulation exploit worth around $565,000 on the AVAX/USD pair, security company PeckShield tweeted […]
