GMX Breach: Hacker Returns $20 Million, Keeps 10% as Reward
2025-07-11 14:51:57
Main Idea
A hacker who stole $40 million from GMX's trading platform began returning the funds after accepting a 10% bounty offer, with $20 million returned so far.
Key Points
1. The hacker stole $40 million from GMX V1 and started returning the funds after accepting a 10% bounty offer.
2. Approximately $20 million has been returned, including Ethereum and FRAX stablecoins.
3. GMX publicly acknowledged the hacker's skills and offered a $5 million reward, allowing the hacker to keep 10% of the stolen amount if 90% was returned.
4. PeckShield confirmed the hacker's transactions, including returns of $9 million, $5.49 million, and $5 million.
5. GMX warned of legal action if the funds were not returned, while Venn Network researchers prevented another potential $10 million DeFi breach.
Description
A hacker who recently drained $40 million from GMX’s original trading platform, GMX V1, has begun returning the funds , following an agreement with the GMX team.
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