Top perps DEX GMX suspectedly exploited in reentrancy attack

GMX suffered an exploit which resulted in the loss of around 42 million USD. Attackers utilized a re-entrancy vulnerability, enabling them to mint GLP liquidity tokens illicitly, leading to substantial sell-off of GMX tokens in the market.

This incident not only affects investors with major potential losses but also raises wider security concerns across the decentralized finance sector. The manipulation of the GLP minting process highlights vulnerabilities that could be exploited in similar platforms.