GMX clarified that its contracts were secure after an exploit involving Abracadabra's cauldrons resulted in a $13 million theft.

A recent exploit on Abracadabra.Money, a cryptocurrency lending platform, targeted pools that were built using GMX GMX tokens.

Abracadabra.Money lost $13 million in an exploit that targeted liquidity pools using GMX tokens.

Abracadabra Finance has confirmed a security exploit affecting its gmCauldron smart contracts, resulting in the theft of approximately $13 million and is taking steps to recover the funds.

The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.

An attacker drain approximately 6,262 ETH, valued at around $13 million, from Abracadabra's liquidity pools on GMX.

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.

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.

This Friday, 28th February 2025, The Onchain Summit will take place, bringing together teams from a wide range of innovative crypto projects. The event will feature an engaging program, with well-known projects like Venus and THENA hosting the event and showcasing their contributions to the blockchain space.

The Binance Coin price has surged and is nearing its all-time high as demand for the token jumps. BNB jumped to a high of $720 on Thursday morning, about 10% below its all-time high of near $800.

THENA secures strategic investment from Binance Labs to drive DeFi innovation. THENA (THE), a decentralized exchange and liquidity mechanism on the BNB Chain, has secured investment from Binance Labs, the venture financing and incubator arm of Binance.

With Orbs' support, THENA secured a coveted Binance listing, driving unprecedented interest in its ecosystem.

The partnership's success was underscored in November 2024 when THENA achieved a major milestone, listing on Binance.

Orbs, a top Layer-3 blockchain infrastructure provider, has achieved significant milestones in the BNB Chain liquidity protocol, including the Binance listing, following its investment in THENA, which has led to new peaks in liquidity.

Orbs, a leading layer-3 blockchain infrastructure provider, celebrating significant milestones following its strategic partnership with THENA. The largest crypto exchange Binance listing THENA marked a pivotal achievement in the partnership, supported by Orbs' investment and technical expertise.

This November, many altcoins have shown that they are ready to challenge Bitcoin's (BTC) dominance. As a result, some of these cryptocurrency are part of the top trending assets.

Thena (THE) has recently experienced a dramatic price surge, jumping more than 1,500 percent in just 24 hours, largely driven by Binance's announcement to list the coin. This milestone has significantly boosted its market presence, liquidity, and trader interest. On November 26, 2024, Binance revealed plans to list Thena, sending its price soaring from $0.

Thena (THE) surged 1,800% in 48 hours after the Binance listing announcement.

Thena crypto has slammed to the top of daily gainers after THE price skyrocketed, with holders netting a Thena price gain of +12,000% in just 48 hours – and analysts are tipping this new meme coin as next to pump.

THENA has been making waves, with its price going absolutely crazy in the last 24 hours. It shot up 500% after Binance announced its listing, and over two days, it's up an unbelievable 1300%. The token went from just $0.20 to a peak of $2.89.

Binance announces the addition of Thena (THE) to its Simple Earn, Buy Crypto, Convert, Margin, and Futures platforms, enhancing trading options and opportunities for users.

In this article, we look at the latest news of the Thena, Fantom, and Helium projects, and then move on to the chart analysis of the respective crypto.

Binance has announced the listing of Thena for trading. THE soared by 543.10% over the past 24 hours.

The price of Thena (THE), a liquidity layer built on the BNB Chain and opBNB, surged an impressive 500% within 24 hours following Binance's listing announcement. The development has sparked widespread excitement among crypto enthusiasts and traders.

THENA price has skyrocketed 500% in the last 24 hours ahead of its highly anticipated Binance listing. The token, a liquidity layer built on the BNB Chain and opBNB, is gaining significant traction in the market.

Binance Exchange has announced plans to delist Algoran, DigiByte and GMX trading pairs.

Binance announces the removal of spot trading pairs ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC to maintain market quality. Trading bot services will also be terminated.

GMX token remained flat on Tuesday, Sept. 24, as most cryptocurrencies continued consolidating and volume in its ecosystem retreated.

GMX decentralized exchange has listed two revenue-generating assets on the Arbitrum network. The two – Lido's wrapped staked Ether (wstETH) and Ethena Labs' synthetic dollar (USDe)- will support an ETH/USD perpetual futures marketplace on GMX version 2. The new listing reflects GMX's dedication to providing top-notch earning opportunities without compromising liquidity.

GMX, an on-chain perpetual and spot exchange, has announced that a proposal to change the platform's revenue distribution model has entered the on-chain vote stage.

Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.

Chainlink's Data Streams are officially live on Avalanche, according to an announcement just in from Chainlink, Avalanche and GMX, an on-chain perpetual and spot crypto exchange The major integration has GMX as the launch partner that will help power Avalanche's

TL;DR Chainlink, Avalanche, and GMX have launched Data Streams on Avalanche's mainnet, enhancing DeFi with high-frequency, low-latency market data. Data Streams uses a pull-based model for dApps to efficiently access real-time data, crucial for platforms like GMX on Avalanche.

Chainlink Data Streams now live on Avalanche with GMX V2, enhancing DeFi speed and security for the whole AVAX-based ecosystem. The post Chainlink data streams debuts on Avalanche with GMX V2 appeared first on Crypto Briefing.

Blockchain tracking firm Lookonchain says that whales – possibly institutional investors – are accumulating a decentralized exchange (DEX) altcoin. According to Lookonchain, fresh wallets have been accumulating the native token of GMX (GMX), a DEX that operates on the Arbitrum (ARB) and Avalanche (AVAX) blockchains offering spot and leveraged trading.

Amid increased price volatility, the cryptocurrency market has displayed significant price action over the past few days. However, the top tokens continue the struggle to hold prices above their respective resistance level, indicating a mixed sentiment in the crypto space.

GMX, the native token of decentralized perpetual exchange GMX, has soared over 20% in the past 24 hours. The surge was seemingly fueled by a crypto whale move that ignited the community's positive sentiment towards the token.

Binance introduces Auction, GMX, and Liquity as new loanable assets on its flexible rate loans.

GMX Markets are among the most successful on-chain derivative markets, surpassing DyDx based on fees. GMX is extremely secure because its encryption procedure relies on OpenPGP, which has never been cracked.

In this article we explore GMX, a decentralized perpetual trading DEX that allows leverage up to 50X on various cryptocurrencies.

BitMEX founder Arthur Hayes has reportedly sent more than $1 million worth of the decentralized exchange (DEX) altcoin GMX (GMX) to centralized exchanges. Pseudonymous on-chain analyst EmberCN tells their 79,700 followers on the social media platform X that Hayes had controlled the largest personal address for GMX holders since 2022.

Arthur Hayes, the founder of the crypto exchange BitMEX, recently made a move on an altcoin he had held since 2022. This move saw the transfer of over 230,000 GMX tokens to Wintermute Trading, seemingly making a profit of $3.2 million.

GMX price seems to have seen some recovery, finding stability around the $39 mark.

Hayes began accumulating GMX in March 2022 and remained the number one personal address holding the tokens until today.

Arthur Hayes, the iconic crypto investor has allegedly sold off his stake in GMX, a move that will effectively end his two-year dominance as the coin's largest holder.

A report recently published by the BitMEX team has reported new details of Satoshi Nakamoto's accounts in 2014. One of them was the GMX email account of the mysterious Bitcoin founder.

A closely followed crypto strategist believes that a decentralized exchange (DEX) altcoin is flashing signs that it could be about to take off on a bullish rally.

GMX's price increased by more than 35% in the last seven days while a bullish pattern formed on its price chart.