GMX Hit by Reentrancy Exploit
- DeFi
- DeFi Protocol
GMX decentralized exchange on Arbitrum and Avalanche suffered a reentrancy exploit targeting the executeDecreaseOrder function. Attackers drained funds through the smart contract vulnerability. The incident formed part of the July 2025 wave of DeFi attacks totaling hundreds of millions.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $0
- Status
- Ongoing
Added to monthly crime totals exceeding $285 million