On July 9, GMX stated that the GLP pool of GMX V1 on Arbitrum was attacked, with approximately $40 million in tokens transferred to an unknown wallet. The current top priority is to trace the event's origin and advance asset recovery.
The GMX team has suspended trading functions of GMX V1 on Arbitrum and Avalanche, as well as GLP minting and redemption, to prevent further attacks and protect users from additional losses.
Please note that this attack does not affect GMX V2, its markets and liquidity pools, nor the GMX token itself. Based on the current information, the vulnerability is limited to GMX V1 and its GLP pool.
