There was a security vulnerability in the $GMX V1 codebase that was disclosed. $GMX V1 forks were also safely notified.

We would like to recognise the actions of 0xDF3340A436c27655bA62F8281565C9925C3a5221 in this recovery. A potential exploitable amount of $42 million belonging to GLP holders was secured.

After payment of a $5 million bounty to the user, the remaining funds are now safely in the $GMX Security Multisig.

Contributors are working on a proposed distribution plan for presentation to the $GMX DAO and will share more information shortly.