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BTCC / BTCC Square / Global Cryptocurrency /
GMX Proposes $44M Compensation Plan for GLP Holders Affected by July Hack

GMX Proposes $44M Compensation Plan for GLP Holders Affected by July Hack

Author:
Global Cryptocurrency
Published:
2025-08-14 16:58:02
5
2
BTCCSquare news:

GMX has unveiled a compensation plan allocating approximately $44 million to Arbitrum-based Liquidity Providers (GLP holders) impacted by the July V1 exploit. The proposal aims to restore confidence in the protocol's risk management framework following the security breach.

Decentralized finance protocols continue grappling with post-exploit recovery strategies as the industry matures. GMX's structured reimbursement approach sets a precedent for addressing collateral damage in complex DeFi ecosystems.

|Square

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