• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

A whale cheated with $three.four million in GMX tokens

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

A whale holding a significant quantity of GMX DeFi protocol tokens was robbed of $three.four million at dawn on January four, 2023.

A whale was scammed out of $three.four million in GMX tokens – Photo: CryptoSlate

A consumer was the victim of a $three.four million GMX scam. GMX Telegram channel administrator presently Confirm incident and clarified that it did not impact any protection concerns at GMX.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

On-chain information exhibits that the attacker begun extracting revenue from the victim’s wallet at two am on January four (Vietnam time). The hacker then sent about $three.four million really worth of GMX to another address and exchange them for ETH. Security House PeckShield and Certificate straight away flagged these transactions.

#PeckShield alert GMX Official Reports That A Wallet Of GMX Whale Was Hacked And The Hacker Sold ~$three Million Worth $GMX
Currently the stolen money are situated https://t.co/HYn2VQfAVR pic.twitter.com/3GCCZA71rG

— PeckShieldAlert (@PeckShieldAlert) January 4, 2023

Follow Lookonchain, hackers took in excess of 82,519 GMX and moved it down to two,626 ETH. The stolen assets have been linked to the Ethereum network by means of a wallet owned by the hacker.

A good $GMX proprietor has been violated.

The hacker offered the stolen 82,519 $GMX($three.four million) for two,627 $ETH.

Then chained every thing $ETH to the Ethereum network with Hop Protocol and Across Protocol.@LouisCooper_ @GMX_IO

Hacker addresses:https://t.co/wheBUTDJJihttps://t.co/chQflR1mMA pic.twitter.com/XFlbwuijpj

— Lookonchain (@lookonchain) January 4, 2023

Immediately just after the crash, GMX price tag reacted fairly strongly, falling from about $42.63 to $37.65 in advance of rallying all the way back to the latest $41.08 degree.

1H chart of GMX/USDT pair on Binance exchange at eleven:fifty five am on 01/05/2023

The hack has brought on panic and anxiousness amid lots of in the neighborhood. A consumer tweeted when he noticed the “download” price tag, sOthers depart detrimental feedback and level out the “dark side of self-regulated wallets”.

What just occurred #gmx ?#crypto #blockchain #bitc #eth #sol #playtoearn #Metaverse pic.twitter.com/ivHqgYPDu9

— Cryptocurrency information these days (@Crypto_news2021) January 3, 2023

Attacks like the 1 over are turning out to be far more typical and sophisticated in the crypto room, since as extended as the poor guys obtain management of the wallet, the user’s assets will also be misplaced.

Last month also had a whole lot of “oh my god” protection incidents like Finance North Star ($six.five million), ankr ($five million), Bitkeep wallet of the Bitget exchange (eight million bucks), BTC.com mining pool ($three million), veteran Bitcoin developer Luke Dashjr ($three.three million)…

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: cheatedGMXmilliontokenswhale
Share76Tweet47

Related Posts

ECB Cuts Interest Rates; Bitcoin Prices Surge

by shark
June 6, 2025
0

The European Central Bank's decision to reduce interest rates to 2% on June 5, 2025, positively impacts cryptocurrency markets, causing...

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7