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The GMX hacker has exchanged the stolen funds, except for FRAX, into ETH.

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#DeFi
MetaEra
340Words
Jul 10, 2025

On July 10 (UTC+8), according to Ember (@EmberCN) monitoring, in the $GMX V1 pool attack, the hacker has exchanged all stolen assets except FRAX (including WBTC, WETH, UNI, LINK, USDC, USDT) for 11,700 $ETH, worth approximately $32.33 million at the current price, and deposited them into 4 wallets. In addition, the hacker still holds approximately 10.495 million FRAX, with a total asset value of approximately $42.80 million. The hacker's above operation seems to indicate that they have rejected the "repay the assets to get a 10% white hat bounty" proposal put forward by the $GMX project team. (Source: Odaily) [Meta Era]

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