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BTC
$108,036.56
3.16%
ETH logo
ETH
$3,902.67
3.13%
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USDT
$1.0006
0.01%
BNB logo
BNB
$1,141.57
2.73%
XRP logo
XRP
$2.3384
4.13%
SOL logo
SOL
$187.89
5.44%
USDC logo
USDC
$1.0000
0.00%
TRX logo
TRX
$0.3162
0.25%
DOGE logo
DOGE
$0.1896
4.97%
ADA logo
ADA
$0.6496
4.08%
HYPE logo
HYPE
$37.33
4.76%
USDE logo
USDE
$0.9997
0.03%
LINK logo
LINK
$17.62
3.77%
BCH logo
BCH
$509.38
3.56%
XLM logo
XLM
$0.3136
4.48%
SUI logo
SUI
$2.5865
5.89%
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WBT
$41.13
1.34%
AVAX logo
AVAX
$21.03
5.03%
LEO logo
LEO
$9.5845
0.44%
HBAR logo
HBAR
$0.1731
5.19%
BTC logo
BTC
$108,036.56
3.16%
ETH logo
ETH
$3,902.67
3.13%
USDT logo
USDT
$1.0006
0.01%
BNB logo
BNB
$1,141.57
2.73%
XRP logo
XRP
$2.3384
4.13%
SOL logo
SOL
$187.89
5.44%
USDC logo
USDC
$1.0000
0.00%
TRX logo
TRX
$0.3162
0.25%
DOGE logo
DOGE
$0.1896
4.97%
ADA logo
ADA
$0.6496
4.08%
HYPE logo
HYPE
$37.33
4.76%
USDE logo
USDE
$0.9997
0.03%
LINK logo
LINK
$17.62
3.77%
BCH logo
BCH
$509.38
3.56%
XLM logo
XLM
$0.3136
4.48%
SUI logo
SUI
$2.5865
5.89%
WBT logo
WBT
$41.13
1.34%
AVAX logo
AVAX
$21.03
5.03%
LEO logo
LEO
$9.5845
0.44%
HBAR logo
HBAR
$0.1731
5.19%
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DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token

GMX developers capped open interest for Avalanche tokens to prevent a repeat of the strategy.

By Shaurya Malwa
Updated May 11, 2023, 6:41 p.m. Published Sep 19, 2022, 9:39 a.m.
A savvy decentralized exchange (DEX) trader deployed millions of dollars to manipulate the prices of Avalanche’s AVAX tokens on the GMX DEX. (Jose Miguel/Pixabay)
A savvy decentralized exchange (DEX) trader deployed millions of dollars to manipulate the prices of Avalanche’s AVAX tokens on the GMX DEX. (Jose Miguel/Pixabay)