983.5K @zachxbt 10/ On July 9, 2025 GMX was exploited for $40M.
9M USDC sat for 2+ hours and was partially bridged from Arbitrum to Ethereum via CCTP.
While the exploiter later returned assets minus a $5M bounty, the USDC was not frozen during the 2+ hour window.
Theft address
0xDF3340A436c27655bA62F8281565C9925C3a5221
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8.0K @TuongvyLe12 Watch the usual crypto legal and policy folks start tweeting “this isn’t DeFi” like clockwork
Never mind that under their definition which of course no one has ever bothered to define with any specificity because it’s convenient to be able to weaponize it, like 2 projects qualify
68.3K @SuhailKakar this industry is cooked, man
a protocol gets drained for $270M+ and instead of talking about security standards, multisig setups, and how to prevent this from happening again, the debate becomes "well technically this isn't defi"
gmx, wormhole, ronin, drift - to the outside world, this is all defi. mainstream media doesn't care about your definitions. the headline is "defi hacked for $200M"
we're not in a bubble anymore. these are real money, real users, real reputation damage. maybe focus on raising the bar instead of arguing semantics
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19.6K @ChrisBarrett gmX
22.6K @ChainlinkToday .@GMX_IO has launched ultra-fast perp markets, powered by Chainlink Data Streams, on @megaeth.
Read more: https://t.co/YYv7vQEe5Z https://t.co/XckIQ93Pq2
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