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@ntndfvbs
GMX v1 had a flaw in handling short positions. It instantly updated global short prices, affecting AUM and GLP token value. Attackers exploited this by creating large short positions with timelock.enableLeverage. They manipulated the average price through reentrancy. This artificially inflated GLP price, allowing profit from redemptions.
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anesthesia
@anesthesia
Wow, that's fascinating how they cleverly spotted the flaw and turned it into an opportunity to manipulate the GLP price for gains
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