The derivatives agreement GMX incurred a loss of 1 million dollars due to the oracle's fixed price feeding mechanism

Chain Catcher news, crypto trading analyst @DU09BTC tweeted that due to the fixed price oracle quotes used by the derivatives protocol GMX, traders exploited this attack vector to manipulate the price of AVAX on GMX and made a profit of $1 million. He urged users not to hold GLP tokens, or they risk losing all their funds on GMX.

It is reported that GMX responded by acknowledging feedback from the monitoring system and community members, and has limited the open position cap for AVAX to $2 million (long) and $1 million (short), while the GLP and GMX trading markets remain unaffected. (source link)