Analyst: GMX hacker converts stolen assets into 11,700 ETH, possibly indicating rejection of white hat bounty proposal

On July 10th, according to on-chain analyst Ember (@EmberCN), the $GMX hacker has converted assets such as WBTC, WETH, UNI, LINK, USDC, and USDT stolen from the $GMX V1 pool into approximately 11,700 $ETH (worth $32.33 million) and stored them in 4 different wallets. Currently, the hacker holds a total of 11,700 $ETH and 10.495 million FRAX stablecoins through 5 wallets, with a total value of approximately $42.80 million. Analysts believe that this move may indicate that the hacker has rejected the "return assets in exchange for a 10% white hat bounty" proposal put forward by the $GMX project team. [Shenchao TechFlow]