<ul data-eligibleForWebStory="false"><li>GMX experienced a $42 million crypto hack on its V1 GLP pool on Arbitrum due to a logic flaw.</li><li>The attacker converted stolen funds to ETH, DAI, and other tokens and bridged them to Ethereum.</li><li>To recover funds, GMX offered a 10% bounty and halted V1 trading while investigating the exploit.</li><li>The security breach led to GMX suspending V1 trading, GLP minting, and redemption to prevent further risks.</li></ul>

GMX Halts V1 Trading After $42M Crypto Hack Hits Arbitrum Liquidity Pool

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