CryptoRekt
Leaderboard
745All-time rank
GMX V1 EVM logo

GMX V1 EVM

Sep 18, 2022

$565K
Lost
$565K
Recovered
$0
Net loss
$565K
Unrecovered0% recovered

GMX V1's AVAX/USD perpetuals were drained via wash trades on CEXs that manipulated oracle-reported prices, allowing arbitrage at zero slippage.

Target
DeFi
Classification
Market Manipulation
Technique
Stale Price Arbitrage
Attribution
Unknown
Chains
Arbitrum

Event timeline

  1. Sep 18, 2022
    Exploit executed — $565K drained via stale price arbitrage
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

Related incidents

Nov 3, 2025
Balancer V2 logoBalancer V2
$128M
May 1, 2022
Rari Capital logoRari Capital
$80.0M
Nov 22, 2023
KyberSwap Elastic logoKyberSwap Elastic
$48.0M