⚠️ An attacker drained $40M in tokens from the GMX v1 GLP pool on Arbitrum ⚠️ Even when a protocol has undergone multiple audits & bounties while operating for years, it's nearly impossible to eliminate every risk No company is too big to get hacked. That's why Nexus is here ⤵️

This is an unfortunate reminder of how cautious you have to be in DeFi The same technological building blocks that unlock new possibilities open protocols up to unique vulnerabilities

Audits, bounties, security, and opsec are there for the known threats Nexus Mutual protects you against unknown threats

TLDR: GMX v1 hacked for $40M. GMX v1 Protocol Cover was only available from Nexus Mutual, and would have covered this exploit. You're Covered with Nexus Mutual