GMX V1 on Arbitrum got hacked for $40M due to a reentrancy bug in OrderBook.  
Hackers manipulated BTC shorts to inflate GLP prices and profit.  
V2 is safe, but Avalanche trades are paused.  
GLP minting/redemption disabled on Arbitrum (24h delay for redemption).  
Avalanche keeps redemption open.  
$360K left in GLP pool for open positions.  
$500K fees from Arbitrum V1 will go to DAO for compensation.  
V1 positions can close, no new ones allowed.  
All V1 orders canceled.  
GMX DAO will disc