Aevo unveils platform offering 1000x leverage on select stocks like MSTR and CRCL

The Tokyo-based firm is doubling down on its Bitcoin strategy, now setting its sights on growing its reserve to the thousands. According to a July 9 disclosure, Remixpoint has secured 31.5 billion yen, worth approximately $215 million, through its latest…

PANews reported on July 9 that according to social media, the decentralized perpetual contract platform GMX on Arbitrum and Avalanche was suspected of being attacked for about $40 million. GMX

Decentralized exchange GMX is believed to have suffered a major exploit, with over $42 million in digital assets reportedly drained from its vaults, according to data from DeBank. The incident, which appears to involve a suspicious outflow of funds, was first flagged early Tuesday. Over $42 million was transferred from GMX Vault-related contracts to a single wallet address: 0xdf3340a436c27655ba62f8281565c9925c3a5221. According to DeBank, GMX experienced a significant abnormal outflow, suspected to be an attack, with over $42 million in funds transferred from GMX Vault-related contracts to the address: 0xdf3340a436c27655ba62f8281565c9925c3a5221, and the funds are being bridged from Arbitrum to… — Wu Blockchain (@WuBlockchain) July 9, 2025 The funds are now being bridged from Arbitrum, a Layer 2 Ethereum scaling network, back to the Ethereum mainnet—a common tactic used by attackers to obfuscate and launder stolen assets. Suspected Smart Contract Vulnerability The nature of the incident is still under investigation, but on-chain data indicates it was likely a targeted exploit or smart contract vulnerability rather than a user error or regular withdrawal. The GMX team has not yet released an official statement confirming the breach or outlining any steps being taken in response. DeBank, a leading blockchain data analytics platform, was among the first to report the anomaly, describing the event as a “significant abnormal outflow.” The affected contracts are linked to GMX’s vault infrastructure, which is designed to manage liquidity for leveraged trading and derivatives products on the platform. As of the time of writing, no white hat intervention or recovery transactions have been observed. Community and Market Reaction The address involved in the exploit continues to move funds, increasing concern over the likelihood of recovery. Community members and independent security researchers are tracking the wallet activity in real time, hoping for further clarity and potential mitigation. This incident marks one of the larger DeFi-related exploits of the year and comes amid ongoing concerns about the security of cross-chain protocols and smart contract platforms. The GMX token (GMX) saw a sharp drop in price down to $12.51 at press time following the initial reports, reflecting market uncertainty around the scope and resolution of the exploit. More updates are expected as the GMX team investigates and releases an official statement.