GMX confirmed that its V1 GLP pool on Arbitrum has been exploited, which led to a loss of over $40 million in assorted tokens.

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July 9, 2025

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GMX confirmed GMX V1's GLP pool on Arbitrum experienced an exploit this morning.
On July 9, on-chain perpetual and spot exchange GMX confirmed that its V1 GLP pool on Arbitrum had been exploited, with over $40 million worth of assorted tokens siphoned into an unknown wallet in a single transaction.

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07/09/2025
Week 28 of 2025