SlowMist: GMX Theft Leads to GLP Price Manipulation, Attacker Manipulates Global Average Price by Creating Large Short Positions through Reentrancy

By: theblockbeats.news|2025/07/10 06:01:54

BlockBeats News, July 10th. SlowMist Cosmos stated in a post that the fundamental reason for the $42 million theft of GMX last night was that GMX v1 would immediately update the global short average price when handling short positions. This global average price directly affects the calculation of the total asset under management (AUM), leading to the manipulation of the GLP token price.

The attacker exploited this design flaw by using a Keeper to enable the timelock.enableLeverage feature when executing orders (a necessary condition for creating large short positions), successfully creating a large short position through reentrancy to manipulate the global average price. This artificially inflated the GLP price in a single transaction and profited through redemption operations.

AI trading is already core market infrastructure, but regulators still treat it as a tool — responsibility always stays with the humans and platforms behind it. The biggest risk in 2025 is not rogue algorithms, but mass-adopted AI strategies that move markets in sync and blur the line between tools and unlicensed advice. The next phase of AI trading is defined by accountability and transparency, not performance — compliance is now a survival requirement, not a constraint.

Twitter 上的「虚假流量」是指通过操纵关注者数量、喜欢和转发等指标来人为增加一条推文的影响力和可信度。下面是一些常见的制造虚假流量的方法： 1. 购买关注者： 一些用户会通过购买关注者来迅速增加他们的关注者数量，从而让他们的账号看起来更受欢迎。 2. 使用机器人账号： 制造虚假流量的另一种常见方法是使用机器人账号自动执行喜欢、转发和评论等互动操作，从而提高一条推文的互动量。 3. 推文交换： 一些用户之间会进行推文交换，即互相喜欢、转发对方的推文...

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Twitter 上的「虚假流量」是指通过操纵关注者数量、喜欢和转发等指标来人为增加一条推文的影响力和可信度。下面是一些常见的制造虚假流量的方法： 1. 购买关注者： 一些用户会通过购买关注者来迅速增加他们的关注者数量，从而让他们的账号看起来更受欢迎。 2. 使用机器人账号： 制造虚假流量的另一种常见方法是使用机器人账号自动执行喜欢、转发和评论等互动操作，从而提高一条推文的互动量。 3. 推文交换： 一些用户之间会进行推文交换，即互相喜欢、转发对方的推文...

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