GMX hacker returns stolen funds after bounty negotiation
2025-07-11 13:01:52
Main Idea
A hacker returned nearly 90% of the $42 million stolen from GMX's V1 GLP pool after the platform offered a 10% bounty, while other high-profile hacks like Bybit and Cetus Protocol remain unresolved.
Key Points
1. The GMX hacker returned nearly 90% of the $42 million stolen after GMX offered a 10% bounty and promised no legal action.
2. GMX's native token (GMX) jumped 16% following the refund announcement.
3. The GMX hack is among the largest crypto exploits this year, with an estimated loss of $4.5 million.
4. Other major hacks include Bybit ($1.4 billion by Lazarus Group) and Cetus Protocol ($223 million), with Bybit also offering a 10% bounty but recovering nothing so far.
Description
The cyber attacker who looted millions from GMX’s V1 GLP pool earlier this week has turned a new leaf, and the stolen funds are now making their way back. According to on-chain movements flagged by PeckShield Alert, the GMX hacker has returned a total $37.5 million worth of the stolen assets to the protocol. Made in several transfers of ETH and FRAX around 8:00 AM UTC, the total sent so far represents nearly 90% of the $42 million drained just two days ago in the original exploit . The refund fo...
Latest News
- Bitcoin, Ethereum and Ripple rally as Trump’s tariff uncertainty clears and $130k is in sight2025-07-11 17:58:53
- Aave gains 18% weekly amid ecosystem growth, stablecoin dominance2025-07-11 17:43:10
- XLM crypto price impulsive rally: $0.42 resistance could trigger pullback2025-07-11 17:27:53
- Sei price jumps 22% to 5-month high, driven by USDC integration2025-07-11 16:57:53
- Tether to sunset USDT on Omni and others in tactical network purge2025-07-11 16:30:01