GMX has successfully repaid affected users a total of $44 million following a major exploit that impacted its GLP pool. This resolution fully compensates for the losses incurred and includes an additional $2 million contribution from the project’s treasury. The attacker exploited a reentrancy vulnerability in GMX V1, manipulating asset-under-management calculations to withdraw funds without authorization. š¤ The platform swiftly reached a deal with the attacker, securing a 10% bounty for the return of the remaining funds. Instead of paying out in GLP tokens, a new compensation system is being implemented via GLV, a V2 liquidity vault designed as an improved replacement. The recipients will receive an equal split between GLV [BTC-USDC] and GLV [WETH-USDC], giving them exposure to approximately 25% Bitcoin, 25% Ether, and 50% stablecoins. The project has allocated a $500,000 GLV pool as an incentive for users who hold onto their tokens for at least three months without selling or transferring. Rewards will be distributed proportionally based on each participantās allocation. The exploit was not only a significant setback but also an opportunity for GMX to transition users to its upgraded platform. This marks a commitment to both security and user retention in the long term.