Hack history / 2022 / Hack or exploit
GMX V1 EVM
Hack or exploit on Sep 18, 2022 · Stale Price Arbitrage
SOURCES DISAGREE ON DATE OR LOSS · 2 SOURCES
Lost
$565K
sources: $400K to $565K
Returned
none listed
as the sources state it
Rank
#1,105
among thefts by dollars lost
What happened
GMX V1's AVAX/USD perpetuals were drained via wash trades on CEXs that manipulated oracle-reported prices, allowing arbitrage at zero slippage.
Details
- Date
- Sep 18, 2022
- Kind
- Hack or exploit
- Method
- Stale Price Arbitrage
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- Arbitrum, Avalanche
Reported by
Cite this page
SwanBluechip, "GMX V1 EVM hack, Sep 18, 2022: $565K lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htfee1747be6/ (data as of 2026-11-01).