GMX has completed a compensation plan of approximately $44 million for the V1 vulnerability, distributing GLV tokens to Arbitrum GLP holders, including Bitcoin, Ethereum, and stablecoins. The compensation includes $2 million in DAO support and $500,000 in rewards. Users can apply for compensation through the GMX dApp and must hold GLV for at least 3 months. The GLP redemption feature is expected to open in 10 days.

GMX has completed the compensation plan for the GMX V1 vulnerability, distributing approximately $44 million to affected Arbitrum GLP Liquidity Providers. Users can apply for GLV tokens through the GMX dApp and can receive a retention reward of $500,000. GMX V2 is unaffected, and the volume continues to rise.

PANews, August 1st news, according to PeckShieldAlert, approximately 17 major encryption attack incidents were recorded in July 2025, resulting in total losses of about $142 million, a month-on-month rise of 27.2%. CoinDCX, GMX, and BigONE were the top three platforms with losses in July, among which the GMX hacker has returned approximately $40.5 million worth of encryption assets, including 10,000 ETH and 10.5 million FRAX.

Golden Finance reports that GMX has officially launched a community vote on the Snapshot platform for the Arbitrum GLP recovery fund distribution plan. This proposal is based on community feedback and aims to ensure that users can recover funds through distribution and redeem the remaining GLP. The voting is scheduled to end on July 28. GMX confirms that all funds from the GLP previously affected by the Hacker attack on Arbitrum have been fully recovered and are currently held by the DAO awaiting distribution to the Liquidity Providers in the Arbitrum GLP treasury. GMX

According to BlockBeats news, on July 16, GMX officially announced the follow-up progress of the GMX V1 vulnerability attack on Arbitrum, which resulted in an attack of approximately 42 million dollars. After successful negotiations, all funds of GLP on Arbitrum have been recovered. The funds have been returned and are currently held by the DAO, awaiting distribution to the liquidity providers in the Arbitrum GLP treasury.

According to ChainCatcher news and monitored by Yu Jin, the GMX Hacker returned 10,000 ETH (approximately 30 million USD) to the GMX project party yesterday. The GMX project party sold 10,000 ETH 7 hours ago, exchanging it for 29,597,000 USDT at an average selling price of 2,959 USD, likely to convert it into stablecoin for the next step of returning assets to users.

Odaily News According to on-chain analyst Ai Yi (@ai9684xtpa), the GMX Hacker has begun to launder their "self-held" 1,700 ETH. Although they have returned about $40 million in FRAX and ETH in the past 3 hours, they still retain nearly $5 million in profits generated from the coin pump as a "white hat bonus." Currently, 100 ETH has been transferred to Tornado.

According to a report from Golden Finance, PeckShield monitoring shows that the GMX attacker has returned 3000 ETH to GMX, valued at approximately 9 million US dollars.

PANews, July 11 news, according to monitoring by Lookonchain, the GMX protocol previously suffered a hacker attack. The hacker has chosen to return the stolen assets of $42 million and accepted a $5 million white hat bug bounty. So far, $10.49 million in FRAX has been returned. Meanwhile, the hacker has exchanged an additional $32 million in assets for 11,700 ETH, currently valued at about $35 million, with a profit of about $3 million. It is still unclear whether the hacker will return all 11,700 ETH (worth $35 million) or sell ETH to return $32 million while keeping a profit of $3 million.

Gate News bot message, the GMX hacker has initiated the return of stolen assets worth $42 million in exchange for a $5 million white-hat bug bounty. According to the latest data, $10.49 million in FRAX tokens has already been returned. The remaining $32 million was previously converted into 11,700

Gate News bot news, security analysis company PeckShield has detected that the hacker who previously attacked the GMX project has returned 5.49 million FRAX Tokens to the GMX deployer. This development has garnered widespread attention from the Crypto Assets community, indicating that the attacker may be taking certain remedial actions. However, the specific reasons and subsequent developments remain to be observed.

ChainCatcher news, or affected by the message "GMX Hacker says he will return the stolen funds", GMX has risen over 10% during the day, currently reported at 12.5642 dollars.

Golden Finance reports that the GMX hacker sent a message to the GMX deployer's Address on-chain, stating that they will return the funds later. According to previous reports, on July 9, GMX stated in an on-chain message to the hacker that it acknowledged the GMXVl vulnerability and was willing to provide a 10% white hat bounty. If the remaining 90% of the funds are returned within 48 hours, it promised not to take further legal action.

According to ChainCatcher news and a report released by GMX, there has been a summary report on a vulnerability attack incident of approximately 40 million USD on GMX V1 on Arbitrum. The attacker directly called the increasePosition function of the Vault contract through reentrancy, bypassing the PositionRouter and PositionManager contracts (which are usually responsible for calculating the average shorting price). Through manipulation, the attacker lowered the average shorting price of BTC from $109,505.77 to $1,913.70. Using Flash Loans, the attacker bought GLP at a normal price of $1.45, opening a position of $15 million. Due to the manipulated price, the GLP price was pushed up to over $27, and the attacker redeemed G at a high price.

PANews July 10 news, GMX official disclosed the reason and subsequent measures for the approximately $40 million attack on GMX V1 on the Arbitrum chain on July 9. According to the security team's analysis, the attack originated from a reentrancy vulnerability in the OrderBook contract, with the hacker exploiting this vulnerability to manipulate the average price of BTC short positions, thereby significantly raising the price of GLP and engaging in Arbitrage. The official has suspended related trading on the Avalanche chain, confirmed that the V2 version is unaffected, and will take measures such as disabling GLP minting and redemption, and establishing a compensation pool. GMX reminds V1 fork projects to promptly fix similar risks.

Odaily News Yu Xian, the founder of Slow Fog, posted on the X platform stating that GMX-related fork projects need to pay attention to similar security risks. He mentioned that the fundamental reason for the theft of 42 million dollars from GMX last night was that GMX v1 immediately updates the global short average price (globalShortAveragePrices) when handling short positions, and this global average price will directly affect the calculation of the total asset size (AUM), thus leading to

A hacker stole assets in an attack on the GMX V1 pool, exchanging all assets except for FRAX for 11,700 ETH, worth approximately $32.33 million, and deposited them into 4 wallets. At the same time, the hacker still holds about 10.495 million FRAX, totaling approximately $42.8 million in assets. This move seems to reject the project party's repayment proposal.

Gate News Bot news, July 10, according to CoinMarketCap, as of the time of writing, GMX (GMX) is currently priced at $12.16, having fallen by 14.69% in the last 24 hours, with a high of $15.03 and a low of $10.33. The 24-hour volume reached $171 million. The current market capitalization is approximately $124 million, a decrease of $21.3714 million compared to yesterday. GMX is a decentralized perpetual contract exchange that allows users to trade top cryptocurrencies like Bitcoin, Ethereum, Avalanche, etc., directly from their wallets, with up to 100x leverage. GMX determines liquidation timing through high-quality price feeds, protecting user positions from temporary price fluctuations. The platform offers a trading experience with low spreads and low slippage, allowing users to obtain the best prices without additional costs. GMX is currently on Arbit

The CISO of Slow Fog pointed out that the design flaw of GMX v1 allowed attackers to manipulate the global average price using short positions, thereby manipulating the price of GLP Token for profit.

According to GMX's official announcement on July 9, PANews reports that GMX V1 has encountered a vulnerability attack. The official recommends that all GMX V1 fork projects immediately take two measures: first, disable leverage functionality; second, set all maxUsdgAmounts parameters to "1" to prevent GLP minting. It is especially reminded that this parameter should not be set to "0", otherwise, the upper limit protection will be lost.

GMX announced on the TG channel that the GLP pool of GMX V1 on the Arbitrum platform has encountered a vulnerability attack, resulting in approximately 40 million tokens being transferred. To prevent further attacks, Arbitrum and Avalanche have disabled the related trading functions, but GMX V2 and GMX tokens are unaffected.

According to BlockBeats news on July 9, on-chain analyst Yu Jin monitored that GMX may have been hacked about an hour and a half ago, with assets worth approximately 42 million dollars stolen, including WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. The initial funds for the hacker address that stole the assets were transferred from Tornado the day before yesterday.

ChainCatcher news, GMX stated on social platform that it has repurchased 1 million GMX Tokens and distributed them to stakers according to the BB&D rewards model.

BlockBeats news, on May 14, GMX stated on social media that it has repurchased 1 million GMX tokens and distributed them to stakers according to the BB&D rewards model.

BlockBeats news, on April 15, GMX officially selected LayerZero as its messaging partner for multi-chain expansion through a majority vote of 75.54%. This integration will bring the following advantages to GMX: • Ability to scale to over 125 Blockchains; • All contracts and security are fully controlled by GMX; • Fast, zero slippage asset transfers; • Utilizing battle-tested infrastructure trusted by billions of dollars in assets and hundreds of applications.

Aster has launched a Mining Points Acceleration and Contract Trial Fund event, where users participating in platforms such as Hyperliquid, Drift, and GMX can obtain a 1.1x Mining Points acceleration and 100 USDT Contract Trial Fund. Aster also announced the launch of Aster Pro mode, allowing users to earn Rh Points by trading in Aster Pro mode starting from April 10.

PANews April 7 news, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, generating over $13 million in fees, including borrowing costs. It is reported that 30% of this fee will be used to buy back GMX Tokens. In addition, it was mentioned that a $4 million TWAP (time-weighted average price order) is currently affecting a Token with a market capitalization of $100 million.

According to the Gate.io News bot, a report from the blockchain security company PeckShield has detected that the crypto assets trading platform GMX and MIM_Spell related contracts have been hacked. This attack resulted in approximately 6260 Ether (ETH) being stolen, with losses amounting to 13 million dollars based on current market prices. The news was first published by the crypto assets information platform Wu Shuo.

PANews March 13 news, according to the GMX-Solana official announcement, GMX Solana has officially launched, users can now mint GLV using SOL or USDC, provide Liquidity, and earn Money Laundering in selected markets.

GMX proposal plans to increase the coverage of repurchase and distribution expenses from 27% to 90%, supporting Token repurchase and Airdrop mechanisms, and increasing the monthly repurchase amount of GMX to 345,534, with a repurchase value of $8.489 million. However, the changes may affect the performance of GMX prices, and the benefits and negative impacts will be borne by the holders.

BlockBeats news, on October 30th, according to official sources, GMX announced that the reward distribution of its Token has now gone live, marking the transition from the old model based on ETH rewards to the new 'buyback and distribution of GMX' model. GMX just completed its first GMX Token reward distribution today. 30% of GMX V1 fees and 27% of GMX V2 fees will be used to repurchase GMX Tokens for distribution. The repurchase process allows anyone to deposit GMX

GMX launches a decentralized derivative protocol and announces the launch of GMX Liquidity Vault (GLV), an automatically rebalancing vault that provides deep liquidity for traders and higher capital efficiency for LPs. The first vault launched is GLV [WETH-USDC], which users can purchase using ETH, USDC, or 7 other underlying GM Tokens.

The AltCoin market has warmed up, with BANANA, HOOK, NFP, GMX, IMX, APT, and FTM and other seven Tokens experiencing 24-hour increases of 19.44%, 19.25%, 13.04%, 12.77%, 10.30%, 9.51%, and 9.06%, respectively.

BlockBeats news, on August 8th, according to the official announcement from GMX, the GMX community initiated a proposal to 'change the income distribution model to repurchase and distribute GMX', which has received majority support from the GMX DAO and is currently waiting to be executed. The proposal aims to utilize the advantages of 'repurchase' to enhance the long-term value preservation capability of GMX, optimize user experience and protocol strategic flexibility, while minimizing model changes and fully retaining the advantages of 'real income'.

PANews reported on August 8th that GMX announced on the X platform, "The proposal to change the income distribution model to repurchase and distribute GMX" has received majority support from the GMX DAO and is currently in line for execution.

Golden Finance reported that GMX announced that the 'Change the Revenue Distribution Mode to Repurchase and Distribute GMX' proposal has passed the Snapshot vote and started on-chain voting. The voting will end on August 5th. The proposal suggests changing GMX's current revenue distribution mode from 'repurchasing ETH and distributing ETH' to 'repurchasing GMX and distributing GMX'.

The GMX community has initiated a proposal to suggest changing the GMX revenue distribution model from repurchasing ETH to repurchasing GMX, in order to enhance long-term value retention capabilities, optimize user experience and protocol strategic flexibility, while fully preserving real income advantages.

Odaily Planet Daily News GMX announced on X platform that its Multiplier Points system has been updated, and MP has been converted to esGMX at a ratio of 25:1. The received esGMX can be vested based on the user's current average stakeToken quantity.

The GMX team proposes to replace the original profit distribution model of "repurchasing ETH and distributing ETH" with "repurchasing GMX and distributing GMX", which can enhance the long-term value retention ability of Token, optimize user experience, and strategic flexibility of the protocol. In the new model, 30%, 70%, and 27% of the fees will be used to repurchase GMX Token to create continuous buying pressure, promote the stability and rise of Token price; while users can choose to keep GMX unchanged or convert it to ETH or AVAX when receiving or compounding.

Odaily Planet Daily News GMX announced on the X platform that GMX V2 uses Chainlink as the Avalanche Mainnet Oracle Machine solution and will integrate Chainlink Data

Odaily Planet Daily News GMX announced on X platform that the deadline for the second round of funding proposal submission is 8 a.m. on June 24th (UTC time)