TechFlow news, July 9 — GMX announced today (July 9, 2025) that its GLP pool for GMX V1 on Arbitrum suffered a vulnerability attack, with approximately $40 million worth of tokens transferred to unknown wallets.
To prevent further losses, GMX has suspended trading, as well as GLP minting and redemption operations, on both the Arbitrum and Avalanche networks for GMX V1.
The team emphasized that this vulnerability is limited to GMX V1 and its GLP pool, and will not affect GMX V2, its markets or liquidity pools, nor the GMX token itself.
Currently, the GMX team and its security partners are fully investigating the cause of the incident and have committed to releasing a detailed incident report once more complete information becomes available.
Add to Favorites
Share to Social Media
