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Slow Mist: GMX stolen GLP prices manipulated, attackers manipulate global average prices by creating large short positions through re-entry

律动BlockBeats
律动BlockBeats|7月 10, 2025 05:27
BlockBeats news, on July 10th, SlowMist Cosine posted that the fundamental reason for GMX's $42 million theft last night was that GMX v1 would immediately update the global ShortAverage Prices when handling short positions, and this global average price would directly affect the calculation of total asset size (AUM), leading to manipulation of GLP token prices. Attackers exploit this design flaw by enabling the timelock.enable Leverage feature in Keeper during order execution (a necessary condition for creating large short positions), successfully creating large short positions through re-entry to manipulate the global average price, artificially raising GLP prices in a single transaction and profiting from redemption operations
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Timeline

8月 09, 01:59【Encrypting memory pool is a panacea for MEV】
8月 05, 09:27【ClickTok hacking campaign targets TikTok Shop users】
7月 29, 02:24【Funds were stolen due to purchasing hardware wallets through unofficial channels】
7月 25, 03:01【WOO X vulnerability originated from phishing attacks】
7月 25, 02:17【1 million USDT stolen from WOO X has been exchanged for ETH】
7月 23, 10:08【Detected vulnerability, attacker profits approximately 600K】
7月 23, 10:03【Detected vulnerability, attacker profits approximately 932K】
7月 23, 02:25【Attackers distribute malicious files through LinkedIn, Discord, and Telegram】
7月 16, 05:39【BigONEexchange loses $27 million due to supply chain attack】
7月 12, 19:22【Attackers reset initialization storage slot values】

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