Security incident · 2022-09-18
GMX V1 Perps
According to the public DefiLlama incident dataset, GMX V1 Perps (Arbitrum) suffered a security incident on 2022-09-18, with about $565K reported lost.
| Date | 2022-09-18 |
|---|---|
| Reported loss | $565K |
| Chain | Arbitrum |
| Target type | DeFi Protocol |
| Technique class | Market Manipulation |
| Technique | Stale Price Arbitrage |
| Bridge incident | No |
| Within 2022 | #114 by loss that year, 0.0% of all reported losses that year |
How this kind of attack works
The attacker moved prices in a thin market and profited from protocols that relied on those prices.
Would a pre-payment check have helped
Market manipulation is a liquidity and market-design problem.
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- Mars Perps2025-12-14 · $960K