Криптотрейдер использует GMX, манипулирует ценой AVAX, чтобы убрать 565 тысяч долларов

Криптотрейдер на бирже GMX использовал функцию нулевого проскальзывания, чтобы получить более 565 000 долларов прибыли, манипулируя ценой токена AVAX. Пост-криптотрейдер использует GMX, манипулирует ценой AVAX, чтобы удалить 565 тысяч долларов, впервые появился на CryptoSlate.

Timeline of Avalanche, Gmx

The decentralized exchange (DEX) GMX has fallen victim to an exploit by a large and sophisticated trader who reportedly was able to “siphon all the liquidity” from its avalanche (AVAX) market and profit from the manipulated price.

Decentralized exchange GMX suffered a price manipulation on the AVAX/USD pair, resulting in losses of $565,000.  AVAX/USD Pair Exploited  As per a tweet on Sunday by security firm PeckShield, the exchange was attacked by a price manipulation exploit worth around $565,000 on the AVAX/USD pair.

The introduction of Decentralized Finance into blockchain technology has eliminated a lot of issues and solved more problems. For example, the involvement of a third party during transactions has been eliminated by the use of smart contracts.

Today marks a bearish day for Avalanche price analysis as the price went all the way down to $16.79 from yesterday's closing price of $18.47. AVAX/USD is undergoing significant volatility today and is following the overall sentiment of the market.

Decentralized exchange (DEX) GMX allegedly experiences price manipulation on the AVAX/USD pair in key exchanges. The post GMX DEX Reportedly Suffers $565,000 Exploit appeared first on BeInCrypto.

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Crypto enthusiasts are hunters for profits, constantly searching for opportunities that guarantee profits regardless of the market condition. The cryptocurrency market is a bear rally, and although it leaves fewer chances for profit, there are still quite some opportunities.

Avalanche price analysis reveals that the market is in a bearish trend as prices constantly fall. There is some support for AVAX prices around $17.72 but it looks like it won't be enough to stop the fall.

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AVAX had time to recoup from June to July and then in August, the token slipped and formed a bullish cup and handle pattern. AVAX intraday trading volume indicates a 38.7% plunge Avalanche sellers successfully reclaimes the 20-day EMA slope Trading volume skyrockets to 487 million Now, the pattern which can be spotted at the market bottom will serve as a feasible launchpad for the crypto's recovery but in order to complete the pattern, the coin price should barrel past the $30.6 key resistance.