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news-imageMarch 25, 2025

GMX smart contracts hacked for 6,260 ETH

Magic Internet Money (MIM) was exploited for 6,260 ETH, taken from lending vaults on Arbitrum. While MIM used GMX smart contracts, neither the GMX project nor the GM token were affected by the hack.
Publisher: Cryptopolitan
Sentiment: Negative
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Positive
cover-imageCoingape
March 25, 2025

Ethereum Price Eyes Breakout as Analyst Predicts Next Leg Up Above $2100

Ethereum price is attracting renewed market attention as analysts present technical scenarios pointing toward a potential move above the $2100 mark. Recent analyses from experts suggest that Ethereum price behavior is showing both bullish short-term structure and macro-level cyclical patterns, which could support an upward continuation if key levels hold.

Neutral
cover-imageBenzinga
March 25, 2025

Bitcoin, Ethereum, XRP, Trade Flat While Dogecoin Moves Up

Cryptocurrency markets are trading relatively flat on Tuesday as GameStop announced the acquisition of Bitcoin for its treasury. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $88,471.10 +0.03% Ethereum (CRYPTO: ETH) $2,079.34 -0.6% Solana (CRYPTO: SOL) $145.94 +2% XRP (CRYPTO: XRP) $2.46 -0.3% Dogecoin (CRYPTO: DOGE) $0.1910 +1.6% Shiba Inu (CRYPTO: SHIB) $0.00001376 +0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 78% and daily active addresses growing by 30%.

Negative
cover-imageCryptonews
March 25, 2025

Analysts Say Ethereum Struggles as Competition Intensifies: FT

Ethereum faces growing competition from faster, cheaper blockchains as experts warn of declining momentum and investor interest. Analysts cite shifting activity to Layer 2 networks, weakening DeFi prospects, and rising speculative trends like memecoin trading as key challenges. The post Analysts Say Ethereum Struggles as Competition Intensifies: FT appeared first on Cryptonews.

Negative
cover-imageThe Cryptonomist
March 25, 2025

Hacker attack on Abracadabra.Money: 13 million dollars in ETH stolen

Abracadabra.Money, a decentralized lending platform, experienced a cyber attack that resulted in the loss of approximately 13 million dollars in Ethereum (ETH). The attack, aimed at pools linked to GMX tokens, has raised questions about the security of the platform. However, GMX has denied any vulnerabilities in its smart contracts.

Negative
cover-imageCointelegraph
March 25, 2025

Abracadabra.Money's GMX pools hacked, $13M lost

About $13 million worth of cryptocurrency has been drained from decentralized lending protocol Abracadabra.Finance following an exploit targeting pools using GMX tokens.In a March 25 X post, crypto cybersecurity firm PeckShield reported that contracts related to GMX and Abracadabra.Money had been compromised, resulting in the loss of about 6,260 Ether (ETH), worth around $13 million. The news follows Abracadabra.Money losing $6.49 million after its smart contracts were compromised in late January 2024.

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