GMX: GMX V1 trading and GLP minting and redemption on Arbitrum and Avalanche have been suspended. V2 and GMX tokens are not affected.

On July 9th, $GMX stated that the GLP pool of $GMX V1 on Arbitrum was attacked, and approximately $40.000 million worth of tokens were transferred to an unknown wallet. The current priority is to track the source of the incident and promote asset recovery.

The $GMX team has suspended the trading function of $GMX V1 on Arbitrum and Avalanche, as well as the minting and redemption of GLP, to prevent further attacks and protect users from additional losses.

Please note that this attack does not affect $GMX V2, its market and liquidity pool, nor does it affect the $GMX token itself. According to the information currently available, the vulnerability is limited to $GMX V1 and its GLP pool. [BlockBeats]