Recently, the Decentralization derivatives trading platform GMX proposed a fund recovery distribution plan in response to the previous hacker attack incident on Arbitrum GLP. The platform has initiated a community vote on Snapshot, which is expected to conclude on July 28.

The core goal of this proposal is to ensure that affected users can fairly access the recovered funds and have the opportunity to redeem the remaining GLP tokens. According to GMX, the GLP funds on Arbitrum that were hacked have been fully recovered and are currently held temporarily by the DAO, waiting to be distributed to the liquidity providers in the Arbitrum GLP vault.

It is worth noting that this incident only involves GLP on the Arbitrum network, and the GMX V2 version has not been affected by the vulnerability. During the formulation of this distribution plan, the GMX team fully considered the feedback from community members, aiming to protect user interests to the greatest extent possible.

This vote will provide important guidance for the future development direction of the GMX ecosystem. It is not only about fund allocation but also highlights the important role of Decentralization governance in crisis management. As the voting proceeds, GMX community members will jointly decide how to address this sensitive issue fairly and transparently, further enhancing the platform's trustworthiness and resilience.

As an important participant in the DeFi space, GMX's move also provides valuable insights for the entire industry in responding to security incidents. It demonstrates the effectiveness and importance of community-driven problem-solving mechanisms in a decentralized environment.