TechFlow, July 16 — GMX announced on the X platform an update regarding the vulnerability attack on GMX V1 on Arbitrum, which resulted in a loss of approximately $42 million. After successful negotiations, all GLP funds on Arbitrum have been recovered and refunded, and are currently held by the DAO, awaiting distribution to liquidity providers in the Arbitrum GLP vault.
GMX V2 is unaffected by this vulnerability, and trading and liquidity provision on GMX V2 continue to operate normally.
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