Chain
arbitrum
Primary network
Recovered
-
No recovery reported
Loss Rank
#1189
All-time
Protocol Type
Derivatives
Target category
What happened
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.
Classified under:
Oracle Manipulation & Price Manipulation
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Case & protocol details
Audit assessment
Review priorities based on the documented failure pattern in GMX V1 Perps (September 2022).
Critical checks
- Verify every sensitive logic path is guarded by appropriate access controls and input validation - see the Oracle Manipulation & Price Manipulation attack class for patterns
- Audit oracle price feeds for manipulation risks - ensure time-weighted average prices (TWAPs) or multi-source aggregators are used, not spot prices
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Report twitter.com
Practice this exploit pattern safely
Work through hands-on labs covering real exploit mechanics, review techniques, and defensive patterns.