GMX Hacker has converted $42.8 million of stolen funds into ETH.

DailyNews

2025-07-10 01:29:28

GMX-4,21%

ETH-5,43%

Odaily News According to monitoring by EmberCN (@EmberCN), in the attack on the GMX V1 pool, the hacker has exchanged all stolen assets except for FRAX (including WBTC, WETH, UNI, LINK, USDC, USDT) for 11,700 ETH, valued at approximately 32.33 million USD at current prices, and has dispersed them into 4 wallets. In addition, the hacker still holds about 10.495 million FRAX, with a total asset value of approximately 42.8 million USD. The hacker’s operation mentioned above seems to indicate that they have rejected the proposal from the GMX project team to “repay the assets to receive a 10% white hat bounty.”

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