GMX hackers have exchanged $42.8 million in stolen funds into ETH

By: odaily.com|2025/07/10 09:31:35

Odaily News According to @EmberCN, in the GMX V1 pool attack, the hacker has exchanged all stolen assets (including WBTC, WETH, UNI, LINK, USDC, USDT) except FRAX into 11,700 ETH, which is worth about 32.33 million US dollars at the current price, and deposited them in 4 wallets. In addition, the hacker still holds about 10.495 million FRAX, with a total asset value of about 42.8 million US dollars.
The hackers actions above appear to indicate that he has rejected the GMX projects proposal to repay the assets to get a 10% white hat bounty.

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