GMX: Approximately $40 million stolen, trading on GMX V1 and GLP minting and redemption functions on Arbitrum and Avalanche suspended

ChainCatcher news, GMX posted on platform X stating that the GLP pool of GMX V1 on the Arbitrum platform has suffered a vulnerability attack, with approximately 40 million dollars worth of tokens transferred from the GLP pool to an unknown wallet. Security partners have been involved in investigating this attack incident.

Currently, both the Arbitrum and Avalanche platforms have suspended trading of GMX V1 as well as the minting and redemption functions of GLP to prevent any further attacks, but this vulnerability will not affect GMX V2, nor will it impact the GMX token itself.