GMX Hacker Converts Stolen Assets into 11,700 ETH Worth $42.8M, Rejects White Hat Bounty Offer
2025-07-10 01:43:49
Main Idea
The GMX hacker has converted stolen assets into 11,700 ETH worth $42.8M and rejected GMX's white hat bounty offer.
Key Points
1. The GMX hacker liquidated stolen tokens (WBTC, WETH, UNI, LINK, USDC, USDT) into approximately 11,700 ETH, valued at $32.33M.
2. The hacker distributed the converted ETH across four separate wallets.
3. The hacker's total holdings now include 11,700 ETH and 10.495M Frax tokens, totaling $42.8M.
4. The hacker rejected GMX's offer of a 10% white hat bounty for the return of the stolen assets.
Description
On July 10th, on-chain analyst Yu Jin reported that the GMX hacker has liquidated the majority of stolen tokens from the GMX V1 pool, converting assets such as WBTC, WETH,
$ETH
$2774.60
+5.66%
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