🚨 GMX V1 Security Update 🚨

Big shoutout to 0xDF3340A436c27655bA62F8281565C9925C3a5221 for their crucial role in securing $42M in GLP holder funds! 💪 After a disclosed vulnerability in GMX V1, the hacker honored their on-chain promise: "ok, funds will be returned later." True to their word, they returned ~$40.5M (10K $ETH + 10.5M $FRAX) to the GMX Security Multisig. 🙌

GMX offered a $5M bounty and a no-legal-action promise, which was paid out, leaving the remaining funds safe with the GMX Security Committee. Contributors are now crafting a distribution plan to present to the GMX DAO—stay tuned for updates! 📢

GMX V1 forks were also safely notified, ensuring the ecosystem stays protected. 🛡️ Thanks to swift action and community collaboration, we’re moving forward stronger!

#GMX #CryptoSecurity #DeFi #Blockchain #DAO