GMX Payout: Stellar $44M Compensation for GLP Holders After V1 Exploit
Main Idea
GMX, a decentralized exchange, completed a $44 million payout to GLP holders affected by a V1 exploit, reinforcing its commitment to user trust and setting a precedent in DeFi accountability.
Key Points
1. GMX addressed a V1 vulnerability that impacted GLP (GMX Liquidity Provider token) holders on Arbitrum.
2. The $44 million compensation package included a diverse range of assets such as Bitcoin, Ethereum, and stablecoins.
3. This payout is seen as a landmark event in DeFi, highlighting GMX's commitment to user trust and platform security.
4. Eligible wallets of GLP holders directly affected by the exploit were able to claim compensation.
5. The successful resolution boosts GMX's reputation and sets a standard for accountability in the DeFi ecosystem.
Description
BitcoinWorld GMX Payout: Stellar $44M Compensation for GLP Holders After V1 Exploit The world of decentralized finance often moves at lightning speed, but when challenges arise, a strong response is paramount. Recently, GMX, a leading decentralized exchange, demonstrated its unwavering commitment to its community. It finalized a monumental GMX payout of $44 million, directly addressing the impact of a past V1 vulnerability that affected its dedicated GLP holders . What Happened with the V1 Explo...
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