Exchange record
GMX
Active decentralized spot and perpetual exchange protocol operating across Arbitrum, Avalanche, Botanix, and MegaETH. A July 2025 vulnerability affected GMX v1 / GLP on Arbitrum, but official governance materials said GMX v2 was unaffected; v1 trading and new GLP liquidity were later phased out while the current protocol continued.
Registry sequence
Key facts
URL handling
Summary
Active decentralized spot and perpetual exchange protocol operating across Arbitrum, Avalanche, Botanix, and MegaETH. A July 2025 vulnerability affected GMX v1 / GLP on Arbitrum, but official governance materials said GMX v2 was unaffected; v1 trading and new GLP liquidity were later phased out while the current protocol continued.
Timeline
GMX v1 / GLP on Arbitrum was exploited for about USD 42 million, with the attacker later offered a white-hat bounty and some funds reportedly returned.
GMX disabled GMX v1 trading and GLP mint/redeem functionality on Arbitrum and Avalanche after the exploit, while stating or reporting that GMX v2 was unaffected.
Follow-up reporting described a white-hat bounty / return-of-funds process after the GMX exploit, supporting active classification despite the serious v1 incident.