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Hackers have snatched $3.4 million in GMX tokens from an ocean, according to security companies CertiK and PeckShield.
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The hackers get control of the 82,519 GMX tokens and swap these tokens in exchange for 2,627 Ether.
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The assets were later transferred to the Ethereum network through an exchange protocol called the Hop Protocol and Across Protocol.
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The hack caused an immediate drop in the worth of the GMX token, which was reduced to $38; however, it has since rebounded to $41.
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An administrator from the GMX Telegram group confirmed that an attack phishing had taken place.
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It was clarified that there are no security weaknesses in the GMX platform.
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A moderator from the group claimed that they were in contact with the person who was targeted.