The hacker responsible for the $42 million breach of GMX has begun returning the stolen assets in exchange for a $5 million white-hat bug bounty. So far, $10.49 million in FRAX has been returned. The hacker had converted $32 million of the stolen assets into 11,700 ETH, which has since appreciated to $35 million, resulting in a $3 million gain.
It remains uncertain whether the hacker will return the entire 11,700 ETH, now valued at $35 million, or sell a portion to return the original $32 million, potentially keeping the $3 million profit. The crypto community is closely monitoring the situation to see how the hacker will proceed with the remaining assets.
GMX Hacker Returns $10.49M in FRAX, Awaits Further ETH Return
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