GMX Launches Arbitrum GLP Recovery Funding Distribution Program Community Vote to End July 28
2025-07-24 11:38:18
GMX has announced that it has officially launched a community vote on the Arbitrum GLP Recovery Funds Allocation Scheme on the Snapshot platform. The proposal is based on community feedback and aims to ensure that users redeem the remaining GLP by distributing recovered funds. The vote is scheduled to end on July 28. GMX confirms that the previously hacked GLP's funds on Arbitrum have been fully recovered and are currently in the custody of the DAO awaiting distribution to liquidity providers in the Arbitrum GLP vault. GMX V2 is not affected by this vulnerability.
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