BTC logo
BTC
$111,585.86
0.20%
ETH logo
ETH
$4,049.31
1.21%
USDT logo
USDT
$1.0005
0.04%
BNB logo
BNB
$1,180.17
0.06%
XRP logo
XRP
$2.4566
1.90%
SOL logo
SOL
$196.58
3.29%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3233
1.75%
DOGE logo
DOGE
$0.2001
0.95%
ADA logo
ADA
$0.6793
1.63%
HYPE logo
HYPE
$39.11
2.02%
LINK logo
LINK
$18.49
1.18%
USDE logo
USDE
$1.0001
0.04%
XLM logo
XLM
$0.3307
0.31%
BCH logo
BCH
$525.38
1.15%
SUI logo
SUI
$2.7205
2.87%
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AVAX
$22.22
0.65%
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WBT
$42.27
0.10%
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LEO
$9.6381
0.08%
HBAR logo
HBAR
$0.1834
1.63%
BTC logo
BTC
$111,585.86
0.20%
ETH logo
ETH
$4,049.31
1.21%
USDT logo
USDT
$1.0005
0.04%
BNB logo
BNB
$1,180.17
0.06%
XRP logo
XRP
$2.4566
1.90%
SOL logo
SOL
$196.58
3.29%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3233
1.75%
DOGE logo
DOGE
$0.2001
0.95%
ADA logo
ADA
$0.6793
1.63%
HYPE logo
HYPE
$39.11
2.02%
LINK logo
LINK
$18.49
1.18%
USDE logo
USDE
$1.0001
0.04%
XLM logo
XLM
$0.3307
0.31%
BCH logo
BCH
$525.38
1.15%
SUI logo
SUI
$2.7205
2.87%
AVAX logo
AVAX
$22.22
0.65%
WBT logo
WBT
$42.27
0.10%
LEO logo
LEO
$9.6381
0.08%
HBAR logo
HBAR
$0.1834
1.63%
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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)