glp

ChainCatcher news, according to Slow Mist CISO @im23pds's tweet, "The fundamental reason for the attack on GMX is that GMX v1 immediately updates the global average short price when handling short positions, and this global average price directly affects the calculation of total assets under management (AUM), which in turn leads to manipulation of the GLP token price.The attacker exploited this design flaw by using the feature timelock.enableLeverage during order execution via Keeper (a necessary condition for creating large short positions), successfully creating large short positions through reentrancy to manipulate the global average price, artificially raising the GLP price in a single transaction and profiting through redemption operations."

ChainCatcher news, GMX posted on platform X stating that the GLP pool of GMX V1 on the Arbitrum platform has suffered a vulnerability attack, with approximately 40 million dollars worth of tokens transferred from the GLP pool to an unknown wallet. Security partners have been involved in investigating this attack incident.Currently, both the Arbitrum and Avalanche platforms have suspended trading of GMX V1 as well as the minting and redemption functions of GLP to prevent any further attacks, but this vulnerability will not affect GMX V2, nor will it impact the GMX token itself.

ChainCatcher news, the on-chain gaming platform Crypto Gladiator League has announced the price of its Polygon-based smartphone CGLPhone: Super Edition: 15,000 CGL; Virtual Edition: 1,100 CGL/month. The first batch of 2,000 units is now available. According to Coingecko data, CGL is currently priced at $0.006306, which means the price of a single CGLPhone Super Edition could be just $94.59 based on this price.