The GMX hacker has converted all assets except FRAX into ETH, which may indicate that they have rejected 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]