GMX: It is recommended that the GMX V1 fork project disable leverage and limit token minting to prevent risks
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Emergency Notice: GMX Suffers Attack on V1 Fork Projects
GMX issued an emergency notification on X platform regarding all GMX V1 fork projects that have been attacked. Risk mitigation can be achieved through the following actions:
• Disable leverage function: Call Vault.setIsLeverageEnabled(false) to turn it off; if using Vault Timelock, call Timelock.setShouldToggleIsLeverageEnabled(false).
• Set maxUsdgAmounts for all tokens to "1": Use Vault.setTokenConfig or Timelock.setTokenConfig to prevent further GLP minting. Note that the value must be set to "1", not "0", as setting it to 0 indicates no limit and could potentially continue to expose the vulnerability.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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