Addressing the weird price action on the MATIC/USD pair, our price impact mechanism worked as expected and manipulating the pric
18 Sep 2022, 11:20
Addressing the weird price action on the MATIC/USD pair, our price impact mechanism worked as expected and manipulating the price isn't profitable on gTrade.
It seems the manipulation was targeted at a GMX fork called MadMex on Polygon which got exploited for about $150k.
Their contract isn't verified on PolygonScan but you can check the transactions in here (2.5 hours ago), here are a few of the trades made by the attacker: