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GMX

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.

Arbitrum
Avalanche
Defi
AMM
DEX
JavaScript
Solidity
Typescript
Maximum Bounty
$5,000,000
Live Since
20 October 2021
Last Updated
31 January 2025
  • Triaged by Immunefi

  • PoC required

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Assets in Scope

Target
Type
Websites and Applications - App
Added on
6 November 2024
Target
Type
Websites and Applications - App
Added on
6 November 2024
Target
Type
Smart Contract - WithdrawalVault
Added on
6 November 2024
Target
Type
Smart Contract - WithdrawalUtils
Added on
6 November 2024
Target
Type
Smart Contract - WithdrawalStoreUtils
Added on
6 November 2024
Target
Type
Smart Contract - WithdrawalHandler
Added on
6 November 2024
Target
Type
Smart Contract - WithdrawalEventUtils
Added on
6 November 2024
Target
Type
Smart Contract - TimestampInitializer
Added on
6 November 2024
Target
Type
Smart Contract - Timelock
Added on
6 November 2024
Target
Type
Smart Contract - SwapUtils
Added on
6 November 2024
Target
Type
Smart Contract - SwapPricingUtils
Added on
6 November 2024
Target
Type
Smart Contract - SwapOrderUtils
Added on
6 November 2024

Impacts in Scope

Severity
Critical
Title

Subdomain takeover with already-connected wallet interaction

Severity
Critical
Title

Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield

Severity
Critical
Title

Permanent freezing of funds

Severity
Critical
Title

Protocol insolvency

Severity
Critical
Title

Retrieve sensitive data/files from a running server, such as:

  • /etc/shadow
  • database passwords
  • blockchain keys (this does not include non-sensitive environment variables, open source code, or usernames)
Severity
Critical
Title

Direct theft of user funds

Severity
Critical
Title

Loss of user funds by freezing, theft, or manipulation of the price of GLP

Severity
Critical
Title

Execute arbitrary system commands

Severity
Critical
Title

Malicious interactions with an already-connected wallet, such as:

  • Modifying transaction arguments or parameters
  • Substituting contract addresses
  • Submitting malicious transactions
Severity
Critical
Title

Taking down the application/website

Severity
Critical
Title

Theft of governance funds

Severity
Critical
Title

Redirected funds by address modification

Out of scope

Program's Out of Scope information

Smart Contracts and Blockchain

  • Best practice critiques
  • If the GLP pool has a high utilization not all GLP tokens will be immediately redeemable, the borrowing fee should increase in this case and is considered regular operation
  • Denial of service attacks are out of scope if the attack can be bypassed, for example, an attacker can front-run a user proposal with identical parameters to ProtocolGovernor, this can be bypassed by ending the proposal with #proposer=0x…, these kinds of attacks are out of scope

Websites and Apps

  • Attacks requiring privileged access from within the organization
  • Feature requests
  • Best practices
  • Vulnerabilities primarily caused by browser/plugin defects
  • Any vulnerability exploit requiring CSP bypass resulting from a browser bug
  • Vulnerabilities that require compromise of the user’s machine / browser
  • Community-developed applications such as those on the ecosystem page
  • Clickjacking Vulnerabilities
  • Denial of service attacks on services used by the interface will be given a low classification unless the attack prevents trading or withdrawal of liquidity using the interface
Default Out of Scope and rules

Smart Contract specific

  • Incorrect data supplied by third party oracles
    • Not to exclude oracle manipulation/flash loan attacks
  • Impacts requiring basic economic and governance attacks (e.g. 51% attack)
  • Lack of liquidity impacts
  • Impacts from Sybil attacks
  • Impacts involving centralization risks

All categories

  • Impacts requiring attacks that the reporter has already exploited themselves, leading to damage
  • Impacts caused by attacks requiring access to leaked keys/credentials
  • Impacts caused by attacks requiring access to privileged addresses (including, but not limited to: governance and strategist contracts) without additional modifications to the privileges attributed
  • Impacts relying on attacks involving the depegging of an external stablecoin where the attacker does not directly cause the depegging due to a bug in code
  • Mentions of secrets, access tokens, API keys, private keys, etc. in Github will be considered out of scope without proof that they are in-use in production
  • Best practice recommendations
  • Feature requests
  • Impacts on test files and configuration files unless stated otherwise in the bug bounty program
  • Impacts requiring phishing or other social engineering attacks against project's employees and/or customers
Severity
Min. - Max.
Critical
$5M
High
$25k
Medium
$10k
Total Assets in Scope
250
Total Impacts in Scope
33
Total paid reports

16 reports