{"id":534992,"date":"2023-01-04T16:36:19","date_gmt":"2023-01-04T13:36:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hackers-steal-3-5m-worth-of-digital-assets-from-gmx-whale\/"},"modified":"2023-01-04T16:36:19","modified_gmt":"2023-01-04T13:36:19","slug":"hackers-steal-3-5m-worth-of-digital-assets-from-gmx-whale","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hackers-steal-3-5m-worth-of-digital-assets-from-gmx-whale\/","title":{"rendered":"# Hackers steal $3.5M worth of digital assets from GMX whale"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40dc8fa0097\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40dc8fa0097\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/hackers-steal-3-5m-worth-of-digital-assets-from-gmx-whale\/#%E2%80%9D_Hackers_steal_35M_worth_of_digital_assets_from_GMX_whale_%E2%80%9C\" >&#8221; Hackers steal $3.5M worth of digital assets from GMX whale &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Hackers_steal_35M_worth_of_digital_assets_from_GMX_whale_%E2%80%9C\"><\/span>&#8221; Hackers steal $3.5M worth of digital assets from GMX whale &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ed77c39>Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX\u2019s native token.\u00a0<\/p>\n<p>On Jan. 3, various community members <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptoerknee\/status\/1610362421687762949\">saw<\/a> suspicious movements of GMX tokens. Following this, security firms CertiK and PeckShield <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CertiKAlert\/status\/1610554437172338690\">flagged<\/a> the transactions as an exploit that drained $3.4 million worth of GMX tokens from a GMX whale. <\/p>\n<p>According to data analysis platform Lookonchain, the hackers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1610535785908047874\">took<\/a> control of 82,519 GMX tokens and exchanged the assets for 2,627 Ether (ETH). Then, the attackers cross-chained the assets to the Ethereum network using Hop Protocol and Across Protocol. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/132715c0-d29c-4160-bcaf-876b54d45f82.png\"><figcaption style=\"text-align: center;\">Hacker\u2019s wallet address. Source: Etherscan<\/figcaption><\/figure>\n<p>As the hack h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened, the token\u2019s value dropped to $38 before recovering shortly. At the time of writing, the token trades at around $41. This sudden price drop that may have been caused by the hack caused community members to be alarmed. One user tweeted:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What just happened to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/gmx?src=hash&amp;ref_src=twsrc%5Etfw\">#gmx<\/a> ?<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\">#btc<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/eth?src=hash&amp;ref_src=twsrc%5Etfw\">#eth<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/sol?src=hash&amp;ref_src=twsrc%5Etfw\">#sol<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/playtoearn?src=hash&amp;ref_src=twsrc%5Etfw\">#playtoearn<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Metaverse?src=hash&amp;ref_src=twsrc%5Etfw\">#Metaverse<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ivHqgYPDu9\">pic.twitter.com\/ivHqgYPDu9<\/a><\/p>\n<p>\u2014 Crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> Today  (@Crypto_news2021) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_news2021\/status\/1610359658065043456?ref_src=twsrc%5Etfw\">January 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As some community members observed the hack\u2019s effect through the charts, comments on the negative side of self custody were seen on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>. One Twitter user <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LouisCooper_\/status\/1610364400111869952\">said<\/a> that the event highlights \u201cthe dark side of self-custodial wallets.\u201d\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Here&#8217;s how Defrost Finance plans to refund users following $12M hack<\/em><\/strong><\/p>\n<p>On Jan. 1, Bitcoin (BTC) core developer Luke Dashjr claimed that he lost BTC to hackers. Because of this, members of the crypto community voiced their opinions that the exploit highlights the risks that come with opting to self custody digital assets. Various community members echoed sentiments saying that if a top developer didn\u2019t secure his BTC, normal people would have no hope. <\/p>\n<p>DeFi hackers have been active during the holiday season. On Dec. 25, $12 million worth of digital assets were taken through a flash loan attack, liquidating Defrost Finance users. A day after, another DeFi hack was seen, with hackers draining about $8 million from Bitkeep wallets through compromised APKs. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hackers-steal-3-5m-worth-of-digital-assets-from-gmx-whale\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Hackers steal $3.5M worth of digital assets from GMX whale &#8220; Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX\u2019s native token.\u00a0 On Jan. 3, various community members saw suspicious movements of GMX tokens. Following this, security firms&#8230;<\/p>\n","protected":false},"author":1,"featured_media":534993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/c66a11e3-a609-42bc-a754-a10cadd9f705.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,74882,70375,70944,72287],"class_list":["post-534992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-hacks","tag-cybersecurity","tag-hackers","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=534992"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/534993"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=534992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=534992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=534992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}