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GMX: Proposal to Disable Leverage and Limit Token Minting for GMX V1 Fork Project to Mitigate Risk
BlockBeats News, July 9th, GMX issued an emergency notice, stating that all GMX V1 forked projects have been attacked. To mitigate the risk, you can take the following actions:
· Disable the leverage feature: You can call Vault.setIsLeverageEnabled(false) to turn it off; if you are using Vault Timelock, then call Timelock.setShouldToggleIsLeverageEnabled(false).
· Set maxUsdgAmounts of all tokens to "1": Use Vault.setTokenConfig or Timelock.setTokenConfig to prevent further minting of GLP.
Please note that this value must be set to "1," not "0," as setting it to 0 indicates no limit, which would instead result in the continued exploitability of the vulnerability.
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