DeFi Dealer Nets Over $500K by Utilizing DEX GMX to Manipulate Avalanche Token

by Jeremy

Nonetheless, the loophole is that GMX provides buying and selling to customers at zero slippage, or the distinction between the anticipated worth of a commerce and the value at which the commerce is executed. However all pricing knowledge on GMX is derived from centralized exchanges, comparable to Binance or FTX, which means a dealer might purchase numerous tokens, comparable to AVAX on this case, on zero slippage, quickly drive up costs on centralized exchanges by putting purchase orders on these venues and promoting the preliminary place on GMX at increased costs.

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