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GMX: GLP liquidity pool of GMX V1 on Arbitrum suffered a vulnerability attack, GMX V2 was not affected

By: odaily.com|2025/07/09 14:41:26

Odaily News GMX posted on the TG channel that the GLP pool of GMX V1 on the Arbitrum platform suffered a vulnerability attack, and approximately $40 million worth of tokens have been transferred from the GLP pool to an unknown wallet. Security partners have participated in investigating the attack.
Currently, the Arbitrum and Avalanche platforms have disabled trading of GMX V1 and the minting and redemption functions of GLP to prevent any further attacks, but the vulnerability does not affect GMX V2 or the GMX token itself.

GMX is suspected to have suffered a loss of approximately $42 million in assets, with the hacker's address receiving initial funding from Tornado.

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