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GMX: GMX V1 Fork Project Advised to Disable Leverage and Limit Token Minting to Prevent Risks

Summary: In response to an attack on GMX V1 fork projects, GMX has issued an urgent notice advising the following risk mitigation measures: Disable leverage by calling Vault.setIsLeverageEnabled(false) or Timelock.setShouldToggleIsLeverageEnabled(false) if Vault Timelock is used. Set maxUsdgAmounts for all tokens to 1 using Vault.setTokenConfig or Timelock.setTokenConfig to prevent further minting of GLP tokens. It is crucial ...

In response to an attack on GMX V1 fork projects, GMX has issued an urgent notice advising the following risk mitigation measures: Disable leverage by calling Vault.setIsLeverageEnabled(false) or Timelock.setShouldToggleIsLeverageEnabled(false) if Vault Timelock is used. Set maxUsdgAmounts for all tokens to 1 using Vault.setTokenConfig or Timelock.setTokenConfig to prevent further minting of GLP tokens. It is crucial to set the value to 1, not 0, as setting it to 0 implies no limit and could leave the vulnerability exploitable.

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Link: GMX: GMX V1 Fork Project Advised to Disable Leverage and Limit Token Minting to Prevent Risks [Copy]

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