O comerciante de criptografia explora o GMX e manipula o preço do AVAX para remover US$ 565.000

Um trader de criptomoedas na bolsa GMX aproveitou o recurso de derrapagem zero para extrair mais de US$ 565.000 em lucro manipulando o preço do token AVAX. O post Crypto trader explora GMX, manipula o preço AVAX para remover $ 565.000 apareceu primeiro em 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.