The GMX hacker has converted all assets except FRAX into ETH, possibly indicating a rejection of the white hat proposal put forward by GMX.

On July 10, according to on-chain data analyst Ember, the $GMX hacker has converted the assets stolen from the $GMX V1 pool into ETH.

The assets stolen by the hacker include WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. Currently, all assets except FRAX have been sold and converted into 11,700 $ETH (approximately $32.33 million) and distributed into 4 wallets for storage.

The $GMX hacker now holds 11,700 $ETH and 10.495 million FRAX through 5 wallets, with a total value of $42.80 million. This operation should also mean that the hacker has rejected the $GMX project team's proposal to return the assets and receive a 10% white hat bounty. [BlockBeats]