GMX: Proposal to Disable Leverage and Limit Token Minting for GMX V1 Fork Project to Mitigate Risk

By: theblockbeats.news|2025/07/09 23:21:53

BlockBeats News, July 9th, GMX issued an emergency notice, stating that all GMX V1 forked projects have been attacked. To mitigate the risk, you can take the following actions:

· Disable the leverage feature: You can call Vault.setIsLeverageEnabled(false) to turn it off; if you are using Vault Timelock, then call Timelock.setShouldToggleIsLeverageEnabled(false).

· Set maxUsdgAmounts of all tokens to "1": Use Vault.setTokenConfig or Timelock.setTokenConfig to prevent further minting of GLP.

Please note that this value must be set to "1," not "0," as setting it to 0 indicates no limit, which would instead result in the continued exploitability of the vulnerability.

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