An anonymous DeFi user fell victim to a phishing attack and lost $3.4 million in gmx, the native token of decentralized trading protocol GMX. The tokens were then sold on the open market.

An administrator of GMX's Telegram group confirmed the phishing incident, making it clear that the incident had nothing to do with any security issues on the GMX platform itself. When asked how they knew for certain that a hack had occurred, a moderator in the group said the team was in direct contact with the victim of the attack.

(By Vishal Chawla)