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GMX: Trading and GLP minting and redemption on GMX V1 have been suspended, approximately $40.000 million was stolen

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MetaEra
397Words
Jul 9, 2025

On July 9 (UTC+8), according to $GMX's official statement, the GLP pool on $GMX V1 on Arbitrum was attacked by a vulnerability, and approximately $40,000,000 tokens were transferred to an unknown wallet. $GMX stated that security has always been the platform's core priority, and currently all core developers and security partners are fully investigating the cause of the incident, and have suspended trading on $GMX V1 and the minting and redemption of GLP to prevent further risks. The official emphasized that this vulnerability only affects $GMX V1 and its GLP pool, and $GMX V2 and the $GMX token itself are not affected. A detailed incident report will be released later. [Source: X Platform] [MetaEra]

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