DeFi / Crypto - $42 million appeared to vanish from GMX V1 on July 9 via cross-contract reentrancy exploit introduced by a 2022 bug fix. Attacker manipulated globalShortAveragePrices to inflate GLP pricing, but funds were later recovered in coordinated disclosure - $5M bounty paid.
DeFi / Crypto - Hackers exploited a hidden proxy backdoor to mint 110,000 $K tokens on Arbitrum, draining $1.55 million from liquidity pools and crashing the price 95%. Kinto blames sophisticated attackers and old proxy code, but the precise execution highlights crypto's ongoing security challenges.
