GMX Repays $44M to Users After Massive Exploit and Launches V2 Tokens
5 Articles
5 Articles
GMX Repays $44M to Users After Massive Exploit and Launches V2 Tokens
The post GMX Repays $44M to Users After Massive Exploit and Launches V2 Tokens appeared on BitcoinEthereumNews.com. Altcoins GMX has completed one of the largest reimbursements in its history, compensating traders affected by a July 9 security breach that drained $42 million from its Arbitrum-based liquidity pool. The distribution, worth about $44 million, fully restores losses and includes an additional $2 million contribution from the project’…
GMX Completes Landmark $44 Million Payout to GLP Holders After V1 Exploit - The Blockopedia
GMX Pays Out $44 Million After Platform Glitch Decentralized finance moves fast—sometimes too fast. When things go wrong, how a… The post GMX Completes Landmark $44 Million Payout to GLP Holders After V1 Exploit appeared first on The Blockopedia.
Key news points: GMX completed the distribution of $44 million in compensation to Arbitrum liquidity providers affected by the V1 exploit. Users who maintain their GLVs for at least three months will receive a share of $500,000 in retention incentives. GLVs allow to provide liquidity in BTC, ETH or AVAX, automatically rebalancing to the most profitable pools, without blocking periods. GMX completed the distribution of compensations for Arbitrum …
GMX Payout: Stellar $44M Compensation For GLP Holders After V1 Exploit
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 dedi…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium