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Time Details
2025-07-11
10:52
GMX Hacker Returns $40 Million in ETH and FRAX, Potentially Keeps $5 Million White Hat Bounty

According to @EmberCN, the hacker involved with the GMX protocol has reportedly returned assets totaling approximately $40 million. The returned funds consist of 10.495 million FRAX and 10,000 ETH, the latter valued at around $30 million, as stated in the analysis. The report from @EmberCN further notes that the hacker's wallet still contains 1,700 ETH, worth about $5 million. This amount corresponds to the $5 million white-hat bounty previously offered by the GMX project, implying the hacker may have kept it as a reward. This resolution could positively influence trader sentiment and the stability of the GMX token by restoring funds and demonstrating a conclusion to the security incident.

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