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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’…
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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 …

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Bitcoin World broke the news in on Wednesday, August 13, 2025.
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