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GMX: Trading on GMX V1 and casting and redemption of GLP have been suspended, with approximately $40 million stolen

PANews
PANews|Jul 09, 2025 14:41
According to GMX officials, GMX V1 encountered a vulnerability attack on the GLP pool on Arbitrarum, resulting in approximately $40 million in tokens being transferred to an unknown wallet. GMX stated that security has always been a core priority for the platform, and all core developers and security partners are currently investigating the cause of the incident. Trading on GMX V1 and the casting and redemption of GLP have been suspended to prevent further risks. The official emphasized that this vulnerability only affects GMX V1 and its GLP pool, and GMX V2 and GMX tokens themselves are not affected. A detailed event report will be released later.
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