According to @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in the DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network. In response, GMX developers have issued an on-chain message offering the attacker a 10% white-hat bounty for the return of the assets. This major security breach could impact trader confidence in DeFi protocols, particularly those operating on Layer-2 solutions like Arbitrum.

According to @lookonchain, the decentralized perpetual exchange GMX has been exploited for over $42 million, an event confirmed by blockchain security firm PeckShield. The stolen assets include $9.6 million in Wrapped Bitcoin (wBTC), $5 million in the DAI stablecoin, and over $10 million in legacy Frax dollar. PeckShield reported that $9.6 million of the funds have been bridged to the Ethereum blockchain, a common path for laundering through services like Tornado Cash, while $32 million remains on the Arbitrum network where GMX is hosted. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds. This incident highlights the persistent security risks in the DeFi sector for traders, contributing to the $2.5 billion lost to crypto hacks and scams in the first half of 2025 as reported by CertiK.

According to @EmberCN, the decentralized perpetual exchange GMX has suffered a major exploit resulting in the theft of over $42 million in crypto assets, as initially reported by blockchain security firm PeckShield. The stolen funds include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in DAI stablecoin. The report notes that $9.6 million has already been bridged to the Ethereum (ETH) network, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have made an on-chain offer to the hacker for a 10% white-hat bounty in exchange for the return of the funds. This incident underscores the significant security risks for traders in the DeFi space, which is a critical consideration for portfolio security.

According to @PeckShieldAlert, the decentralized perpetual exchange GMX has been exploited for over $42 million in various cryptocurrencies. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax Dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds via an on-chain message. This incident adds to the significant losses from crypto hacks, which a CertiK report stated amounted to $2.5 billion in the first half of 2025. For traders, this exploit on a major Arbitrum-based DEX could impact sentiment around DeFi security, the GMX token, and the broader Arbitrum ecosystem.

According to @lookonchain, the decentralized perpetual exchange GMX has suffered a major exploit resulting in the theft of over $42 million in crypto assets, as reported by blockchain security firm PeckShield. The stolen funds include $9.6 million in wrapped BTC (wBTC), $5 million in DAI stablecoin, and over $10 million in legacy Frax dollar. The report indicates that $9.6 million of the stolen assets have already been bridged to the Ethereum blockchain, a common step before laundering through mixers like Tornado Cash, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds via an on-chain message. This incident adds to the growing security concerns in the DeFi space, which saw $2.5 billion lost to hacks in the first half of 2025, according to a CertiK report.

According to Santiment, the past week has seen significant network growth among key crypto assets, with Wrapped Ethereum (WETH) up 648%, WhiteBIT (WBT) up 575%, Wrapped Bitcoin (WBTC on Optimism) up 402%, and BitDAO (BIT) also showing strong gains. This surge in new addresses indicates heightened user activity and potential trading interest, especially for WETH and WBTC, which are closely linked to Ethereum and Bitcoin ecosystems. Traders should monitor these assets for increased liquidity and volatility, as rapid address growth often precedes price momentum. (Source: Santiment, June 17, 2025)

According to @ai_9684xtpa, a notable whale wallet 0xB47...A5aFd executed a significant purchase of 95.84 WBTC with $10 million USDT on-chain three hours ago at an average price of $104,329 per WBTC. This position has already yielded an unrealized profit of $31,700. Such large-scale accumulation by whales often signals renewed institutional confidence and may foreshadow increased bullish momentum for Bitcoin (BTC) and WBTC. Traders should monitor further whale activity and potential price volatility as this transaction could prompt additional buying or speculative trading in the near term (Source: @ai_9684xtpa via Twitter).

According to @EmberCN, a whale or institutional investor who previously profited $7.79 million from WBTC has re-entered the market by purchasing 95.8 WBTC with $10 million USDT at $104,330 per WBTC following a recent price correction (source: Twitter/@EmberCN). This significant buy-in suggests strong confidence in Bitcoin’s short-term rebound and could influence bullish sentiment and trading volumes across the BTC and WBTC markets.

According to Lookonchain, smart trader 0xc097 sold 277 WBTC valued at $29.29 million three hours ago, securing a $2.36 million profit in a single transaction. Over the past year, this trader has executed five WBTC trades, with four being profitable and generating a cumulative profit of $34.7 million (source: Lookonchain via intel.arkm.com). These consistent, high-value trades highlight growing institutional-level activity in wrapped Bitcoin markets and may signal increased volatility ahead, providing actionable insights for crypto traders tracking large whale movements and arbitrage opportunities in the Bitcoin ecosystem.

According to @justinsuntron, Wrapped Bitcoin (WBTC) is now available on Raydium Protocol, enabling traders to access new liquidity pools and trading pairs within the Solana DeFi ecosystem. This integration offers increased cross-chain trading opportunities, allowing users to trade WBTC directly on Raydium with lower fees and faster transactions compared to traditional Ethereum-based platforms. The move is expected to enhance WBTC's utility and trading volume in the Solana network, potentially impacting both DeFi yield strategies and broader crypto market liquidity. Source: @justinsuntron, June 5, 2025.

According to Ai 姨 (@ai_9684xtpa), the prominent Bitcoin whale wallet 0xF0B...Bf06a has accumulated 83.94 WBTC since May 12, 2025, at an average cost of $107,005 per WBTC, totaling $8.98 million. Despite a current unrealized loss of $134,000, the whale recently added 23.7 WBTC (approximately $2.49 million) at an on-chain average price of $105,343 just three hours ago. The wallet now holds a total of $18.22 million in WBTC. This significant buying activity, tracked on-chain, signals strong institutional interest in WBTC at current support levels and could impact short-term price volatility and liquidity for Bitcoin-related trading pairs. (Source: Ai 姨 @ai_9684xtpa, https://twitter.com/ai_9684xtpa/status/1930176281494335533)

According to @justinsuntron, WrappedBTC (WBTC) was prominently featured at The Bitcoin Conference 2025 in the United States. This high-profile presence highlights growing institutional and developer interest in WBTC, which serves as a bridge between Bitcoin and Ethereum DeFi ecosystems. Traders should note that increased exposure and adoption of WBTC can drive liquidity and cross-chain activity, potentially impacting Bitcoin and Ethereum price dynamics (Source: @justinsuntron on Twitter, May 29, 2025).

According to @ai_9684xtpa, whale address 0xF92...CD1f9 executed a significant portfolio shift one hour ago, swapping 2,000 ETH for 51.821 WBTC at an ETH price of $2,709, totaling $5.4 million. Since May, this whale has sold a cumulative 15,470 ETH worth $37.69 million, with an average deposit price of $2,436 (source: @ai_9684xtpa via Twitter). This move indicates a notable bearish sentiment on ETH and increased confidence in Bitcoin, which could trigger further ETH sell pressure and impact altcoin market dynamics. Traders should monitor whale activity for potential volatility and liquidity shifts between ETH and BTC pairs, as these actions often precede broader crypto market moves.

According to Justin Sun, a leading figure in the crypto industry, WBTC is increasingly seen as a strategic asset for trading and liquidity on DeFi platforms (source: @justinsuntron, May 9, 2025). This endorsement highlights WBTC’s essential role in bridging Bitcoin with Ethereum-based protocols, directly impacting cross-chain trading and boosting overall liquidity. Traders should monitor WBTC’s on-chain activity and integration, as its adoption can influence Bitcoin pricing and DeFi market dynamics.

According to EmberCN on Twitter, a large leveraged trader has borrowed an additional $8.7 million USDT in the past eight hours to purchase WBTC, bringing their total holdings to 400.9 WBTC valued at $38 million. The average entry price is $89,881. Notably, 253.9 of these WBTC were acquired over the past three days using $23.9 million USDT borrowed from Aave via recursive lending. The current health rate of the leveraged position stands at 1.18, with a liquidation price set at $80,545 (source: EmberCN on Twitter, April 26, 2025). Traders should monitor these levels closely, as significant price movements toward the liquidation threshold could trigger large-scale sell-offs and impact WBTC and broader crypto market liquidity.

According to Gateio, a whale who has been actively buying WBTC at an average price of $69,079 since July 2024 sold 100 WBTC approximately 40 minutes ago, realizing a partial profit of $9.19 million. This whale continues to hold 1,053.79 WBTC valued at $97.36 million, while borrowing 43.68 million USDT, leaving them with an unrealized profit of $24.47 million.

According to PeckShieldAlert, a Truflation exploiter-labeled address has conducted a significant swap of approximately 4.5 Wrapped Bitcoin (WBTC) for 230 Ethereum (ETH) and subsequently moved them into TornadoCash. The incident is part of ongoing scrutiny following a malware attack on the blockchain-based inflation data platform last year, resulting in losses of around $5.2 million.

According to Ai 姨, a prominent BTC whale has increased their margin positions. Five hours ago, they moved 5 million USDC from Coinbase, purchasing 53.401 WBTC at $93,631 each to enhance their Aave margin. The whale now holds 309.64 WBTC and has borrowed 16.48 million USDT, with an average long position price of $88,327. The liquidation price is set at $68,241, indicating a stable margin strategy. Source: [Ai 姨 on Twitter](https://twitter.com/ai_9684xtpa/status/1915233015053341057).

According to EmberCN, a cryptocurrency whale recently borrowed 10.2 million USDT through a looped loan strategy on Aave to purchase 109.2 WBTC at $93,331 each. This move increases the whale's total holding to 256.2 WBTC, valued at $24.12 million, with an average cost of $87,162 per WBTC. However, the leverage on this long BTC position shows a low health factor of 1.14, with a liquidation price set at $82,457. These figures indicate potential risks and opportunities in the current market conditions.

According to Ai 姨, a trader has aggressively longed Bitcoin from $84,540 to $93,183 using Aave leverage, with a position worth $23.79 million at an average entry of $88,327. The address 0x931...3c721 has leveraged 256.23 WBTC to borrow 16.47 million USDT. The liquidation price is set at $82,437, posing a significant risk if the market dips.