GMX has completed a compensation plan for the V1 vulnerability impact involving $44 million

ChainCatcher message, GMX has successfully completed a distribution plan of approximately $44 million, compensating GLP holders on Arbitrum affected by the recently disclosed V1 vulnerability. Eligible wallets can now claim their compensation through the GMX dApp.

• Approximately $44 million available for distribution ------ all affected GLP holders will receive full compensation;
• Compensation will be issued in two forms of GLV tokens, which are derived from the V2 yield-optimized GMX liquidity vault;
• The composition of GLV tokens is approximately 25% WBTC, 25% ETH, and 50% stablecoins;
• Includes $2 million DAO treasury support + $500,000 holding GLV incentives.