GMX Completes $44M Compensation Plan for GLP Holders Impacted by July Exploit

GMX has successfully finalized its compensation plan for affected Liquidity Provider (GLP) holders on Arbitrum, addressing the vulnerability in its V1 protocol revealed in July. The company distributed approximately $44 million worth of GLV tokens with DAO support and retention incentives to eligible wallets. GMX’s V2 remains unaffected and is seeing strong trading activity following the exploit. This update follows a community vote approving the distribution plan. 💰