🚀 GMX Issues Urgent Notice Following V1 Fork Attack
#GMX #V1Fork #SecurityNotice #CryptoSafety #LeverageFunction #TokenConfig #GLP
According to BlockBeats, GMX has released an urgent notification regarding an attack on all GMX V1 fork projects. To mitigate risks, GMX has outlined specific actions that can be taken.
Firstly, users are advised to disable the leverage function. This can be done by calling Vault.setIsLeverageEnabled(false). If the Vault Timelock is in use, users should call Timelock.setShouldToggleIsLeverageEnabled(false).
Additionally, GMX recommends setting the maxUsdgAmounts for all tokens to '1'. This can be achieved using Vault.setTokenConfig or Timelock.setTokenConfig to prevent further minting of GLP. It is crucial to set this value to '1' rather than '0', as a setting of '0' would imply no limit, potentially allowing the vulnerability to be exploited further.#GMX #V1Fork #SecurityNotice #CryptoSafety #LeverageFunction #TokenConfig #GLP