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GMX’s GLP pool is a liquidity provider for GMX protocol, containing basket of digital assets including Bitcoin, Ether, and stablecoins.
GMX disabled trading, minting, and redeeming of GLP on Arbitrum and Avalanche, after its V1 GLP liquidity pool got exploited, to prevent further attacks and protect users.
The $42 million hack targeting the GMX protocol was limited to GMX V1 and its GLP liquidity pool, and did not extend to GMX token or to GMX V2, according to the GMX team.
GMX confirmed that its V1 GLP pool on Arbitrum has been exploited, which led to a loss of over $40 million in assorted tokens.
GMX is a decentralized perpetual and spot exchange platform that initially launched on Arbitrum One.

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GMX suffers $42M smart contract exploit

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