GMX has successfully recovered $42 million worth of assets stolen from its Arbitrum-based GLP liquidity pool following negotiations connected to a vulnerability exploit in its V1 protocol. The reclaimed funds are now securely held in custody pending distribution.
The decentralized autonomous organization (DAO) is currently designing a structured repayment plan to compensate affected liquidity providers in the Arbitrum GLP vault. This recovery mitigates losses for participants in the decentralized trading protocol after the security incident compromised the GLP pool earlier.