GMX has completed a compensation plan for the impact of the V1 vulnerability, with $44 million to be distributed to affected Arbitrarum GLP liquidity providers

GMX announced that it has successfully completed a compensation plan for the impact of the GMX V1 vulnerability, with approximately $44 million to be distributed to affected Arbitrarum GLP liquidity providers. Users can apply for compensation and receive GLV tokens, including GLV [BTC-USDC] and GLV [DETH-USDC], through the GMX dApp. The token composition is similar to the original GLP asset allocation. In addition, users who hold GLV for at least 3 months will receive a $500000 retention reward provided by GMX DAO. GMX V2 is not affected and currently has a weekly trading volume of billions of dollars. Previously, GMX announced that trading on GMX V1 and the casting and redemption of GLP have been suspended, resulting in approximately $40 million being stolen.