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GMX: Approximately $40.000 million Stolen, GMX V1 Trading and GLP Minting and Redemption Features Disabled

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#DeFi
$GMX
$ARB
$ HMX
ChainCatcher
312Words
Jul 9, 2025

$GMX posted on the X platform that the GLP pool of $GMX V1 on the Arbitrum platform suffered a vulnerability attack, and approximately $40,000,000 worth of tokens have been transferred from the GLP pool to an unknown wallet. Security partners have been involved in investigating the attack. Currently, the Arbitrum and Avalanche platforms have disabled the trading of $GMX V1 and the minting and redemption functions of GLP to prevent any further attacks, but this vulnerability will not affect $GMX V2, nor will it affect the $GMX token itself. [ChainCatcher]

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