stablecoins are experiencing real traction
they're missing one thing
Andy
Tokenization mania incoming.
Stablecoin supercycle is in progress.
Powered by Circle, Tether, Ethereum, Aptos, zkSync, Ethena, Sky, Aave, Chainlink, Morpho, Frax, RedStone, Maple, Securitize, Paxos, Ondo, Plasma, and many more.
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🚨 Cyvers Alerts 🚨
🚨UPDATE🚨@GMX_IO V1 on #Arbitrum has suffered an exploit $40M drained from the GLP pool and sent to an unknown wallet.
Trading, minting & redeeming on V1 #Arbitrum + #Avalanche have been paused.
@GMX_IO V2, its liquidity pools, and the GMX token are not affected.
Read more👇
Want to secure your assets and prevent future attacks? Book a Demo today!
#CyversAlert
🚨 Cyvers Alerts 🚨
🚨ALERT🚨Our system has detected a suspicious transaction involving @GMX_IO.
A malicious contract, deployed by an address funded via @TornadoCash, has exploited approximately $42M worth of assets on the Arbitrum (#ARB) network — including:
$ETH, $USDC, $fsGLP, $DAI, $UNI, $FRAX, $USDT, $WETH, and $LINK.
➡️ Around $9.6M has been bridged to the Ethereum mainnet, while the remaining funds remain on #ARB.
🔔 The GMX team has sent an on-chain message to the attacker and is offering a 10% white-hat bounty for the return of the exploited funds.
Want to secure your assets and prevent future attacks? Book a Demo today!
#CyversAlert
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Data Wolf 🐺
CRCL who touts being regulatory first with an IPO is still slow when it comes to stopping bad actors/
Probably just security theatre.
ultra
.@circle USDC freeze response time is an absolute joke
GMX exploiter address at some point held $30M in USDC and keeps swapping tokens for USDC with no blacklisting in sight
address holds $4.3m USDC right now
its been more than 1h since the exploit took place
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Spot On Chain
🚨 GMX (@GMX_IO) got hacked for $42M on #Arbitrum around two hours ago!
The affected assets include:
• $23M in various stablecoins, including $FRAX, $USDC, $USDT, and $DAI
• 88.17 $WBTC ($9.59M)
• 3,205.5 $WETH ($8.47M)
• 65,479 $UNI ($536K)
• 23,800 $LINK ($334K)
Currently, the hacker has bridged ~$10.66M worth of assets—mostly in $ETH and stablecoins—to #Ethereum.
Note that the hacker's address received initial funding from #TornadoCash two days ago, suggesting that the hack might have been preplanned.
Follow @spotonchain and track the hack’s next moves at
GMX 🫐
The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40M in tokens has been transferred from the GLP pool to an unknown wallet.
Security has always been a core priority for GMX, with the GMX smart contracts undergoing numerous audits from top security specialists. So, in this hands-on-deck moment, all core contributors are investigating how the manipulation occurred, and what vulnerability may have enabled it.
Our security partners are also deeply involved, to ensure we gain a thorough understanding of the events that occurred and minimise any associated risks as quickly as possible. Our primary focus is on recovery and pinpointing the root cause of the issue.
Actions taken:
Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche to prevent any further attack vectors and protect users from additional negative impacts.
Scope of the vulnerability:
Please note that the exploit does not affect GMX V2, its markets, or liquidity pools, nor the GMX token itself.
Based on the available information, the vulnerability is limited to GMX V1 and its GLP pool.
As soon as we have more complete and validated information, a detailed incident report will follow.
3.87K
15
🚨 Cyvers Alerts 🚨
🚨ALERT🚨Our system has detected a suspicious transaction involving @GMX_IO.
A malicious contract, deployed by an address funded via @TornadoCash, has exploited approximately $42M worth of assets on the Arbitrum (#ARB) network — including:
$ETH, $USDC, $fsGLP, $DAI, $UNI, $FRAX, $USDT, $WETH, and $LINK.
➡️ Around $9.6M has been bridged to the Ethereum mainnet, while the remaining funds remain on #ARB.
🔔 The GMX team has sent an on-chain message to the attacker and is offering a 10% white-hat bounty for the return of the exploited funds.
Want to secure your assets and prevent future attacks? Book a Demo today!
#CyversAlert
6.04K
4
FRAX price performance in TRY
The current price of frax is ₺39.9421. Over the last 24 hours, frax has increased by +0.34%. It currently has a circulating supply of 314,401,093 FRAX and a maximum supply of 314,401,093 FRAX, giving it a fully diluted market cap of ₺12.56B. The frax/TRY price is updated in real-time.
5m
+0.00%
1h
+0.56%
4h
+0.10%
24h
+0.34%
About Frax (FRAX)
Frax (FRAX) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Frax (FRAX)?
As a decentralized currency, free from government or financial institution control, Frax is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Frax involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Frax (FRAX) prices and information here on OKX TR today.
How to buy and store FRAX?
To buy and store FRAX, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying FRAX, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 828 new posts about Frax, driven by 288 contributors, and total online engagement reached 42K social interactions. The sentiment score for Frax currently stands at 63%. Compared to all cryptocurrencies, post volume for Frax currently ranks at 4774. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Frax.
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Posts
828
Contributors
288
Interactions
41,971
Sentiment
63%
Volume rank
#4774
X
Posts
823
Interactions
41,969
Sentiment
64%
Frax FAQ
What’s the current price of Frax?
The current price of 1 FRAX is ₺39.9421, experiencing a +0.34% change in the past 24 hours.
Can I buy FRAX on OKX TR?
No, currently FRAX is unavailable on OKX TR. To stay updated on when FRAX becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of FRAX fluctuate?
The price of FRAX fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
How much is 1 Frax worth today?
Currently, one Frax is worth ₺39.9421. For answers and insight into Frax's price action, you're in the right place. Explore the latest Frax charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Frax, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Frax have been created as well.
Monitor crypto prices on an exchange
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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