The GMX hacker has converted all assets except FRAX to ETH.

According to on-chain data analyst Ember, the $GMX hacker has exchanged the assets stolen from the $GMX V1 pool for ETH. The assets stolen by the hacker include WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. Currently, all assets except FRAX have been sold and exchanged for 11,700 $ETH (approximately $32.33 million) and distributed into 4 wallets for storage. The $GMX hacker now holds 11,700 $ETH and 10,495,000 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 take a 10% white hat bounty. [ChainCatcher]