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GMX: GMX V1 trading on Arbitrum and Avalanche as well as GLP minting and redeeming have been temporarily paused, V2 and GMX token are unaffected

By: theblockbeats.news|2025/07/09 15:16:55

BlockBeats News, July 9th, GMX announced that the GMX V1's GLP pool on Arbitrum was attacked, with approximately $40 million in tokens being transferred to an unknown wallet. The current top priority is to trace the root cause of the event and progress with asset recovery.

The GMX team has temporarily halted the transaction functionality 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 impact GMX V2, its markets, or liquidity pools, nor does it affect the GMX token itself. Based on the information currently available, the exploit is limited to GMX V1 and its GLP pool.

Twitter CEO Linda Yaccarino has announced her resignation.

pump.fun Announces Public Sale Details: Tokens will be transferable 48 to 72 hours after the end of the public sale. Users from the United States and the United Kingdom are not allowed to participate in the public sale.