GMX has successfully recovered all funds from the $42 million Arbitrum exploit, with GLP funds now secured by the DAO for liquidity providers.
GMX confirmed the recovery of approximately $42 million lost in a vulnerability attack on the Arbitrum network. Following successful negotiations, the GLP funds have been fully returned and are currently held by the DAO, awaiting distribution to liquidity providers in the Arbitrum GLP vault. The incident did not affect GMX V2, and trading operations continue normally.