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GMX Official: Confirmed to be under attack, approximately $40.00 million in assets stolen

TechFlowJul 9, 2025

On July 9th, $GMX officially announced today (July 9, 2025) that the GLP pool of $GMX V1 on the Arbitrum platform suffered a vulnerability attack, and approximately $40,000,000 tokens have been transferred to an unknown wallet. To prevent further losses, $GMX has suspended the trading function of $GMX V1 and the minting and redemption operations of GLP on the Arbitrum and Avalanche networks. The official statement emphasized that this vulnerability is limited to $GMX V1 and its GLP pool, and will not affect $GMX V2, its market or liquidity pool, nor will it affect the $GMX token itself. [Deep Tide TechFlow]

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GMX Official: Confirmed to be under attack, approximately $40.00 million in assets stolen

TechFlowJul 9, 2025

On July 9th, GMX officially announced today (July 9, 2025) that the GLP pool of GMX V1 on the Arbitrum platform suffered a vulnerability attack, and approximately $40,000,000 tokens have been transferred to an unknown wallet. To prevent further losses, GMX has suspended the trading function of GMX V1 and the minting and redemption operations of GLP on the Arbitrum and Avalanche networks. The official statement emphasized that this vulnerability is limited to GMX V1 and its GLP pool, and will not affect GMX V2, its market or liquidity pool, nor will it affect the GMX token itself. [Deep Tide TechFlow]

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