Seismograph by Cryptograph Club

Position liquidation · Closed

$5.7M GMX v2 liquidation on Arbitrum, 17 May 2026

Magnitude M 3.8 on-chain, scale v1
Position size $5.7M USD at the block

One long position on GMX v2 (Arbitrum) was liquidated at 23:41 UTC on 17 May 2026. Its size was $5.7M.

Facts

Time
17 May 2026, 23:41 UTC
Venue
GMX v2 on Arbitrum
Liquidated
Long, Ethereum
Liquidation events
1 in one transaction
Coverage
On-chain DeFi venues only; verified automatically from the blockchain

Sources

The transaction, on the chain's block explorer
TransactionVenueValue
0x74de919c…1d8125 GMX v2 (Arbitrum) $5.7M

Values are in USD at the block of each liquidation, from on-chain prices. On-chain liquidation magnitudes measure DeFi venues only and are not yet comparable with hack or depeg magnitudes. Methodology · The magnitude scale