The post Hacker Reimburses Funds From $40M GMX Hack appeared on BitcoinEthereumNews.com.

Key Notes Hacker exploited GMX’s v1 liquidity pool, stealing $40 million. GMX offered a $5 million white hat bounty for fund return. Attacker has returned $20 million in crypto so far. GMX GMX $11.68 24h volatility: 4.2% Market cap: $119.26 M Vol. 24h: $77.12 M , a decentralized exchange on Arbitrum ARB $0.40 24h volatility: 11.5% Market cap: $1.97 B Vol. 24h: $405.11 M , was hit with a $40 million exploit on July 9 after an attacker drained its v1 liquidity pool by manipulating GLP token values. Soon after the exploit, the attacker left an on-chain message saying, “Ok, funds will be returned later,” which was flagged by blockchain security firm PeckShield. Less than an hour later, the attacker began sending stolen crypto back to GMX, signaling they had accepted the white hat bounty offered by the team. #PeckShieldAlert #GMX Exploiter msg: funds will be returned later pic.twitter.com/ohlOVYWSvD — PeckShieldAlert (@PeckShieldAlert) July 11, 2025 The attacker, known as “GMX Exploiter 2,” began returning the stolen crypto and has since sent back over $9 million in Ether ETH $2 949 24h volatility: 6.5% Market cap: $356.59 B Vol. 24h: $39.25 B . PeckShield disclosed that the GMX team also received over $5.5 million in FRAX tokens from the attacker. In another transaction, the attacker sent FRAX FRAX $1.00 24h volatility: 0.0% Market cap: $314.25 M Vol. 24h: $2.65 M tokens with $5 million to the GMX address. The attacker has sent about $20 million worth of cryptocurrencies. #PeckShieldAlert #GMX Exploiter has returned 5.49M $FRAX to #GMX: Deployer pic.twitter.com/q4hi6DsAX1 — PeckShieldAlert (@PeckShieldAlert) July 11, 2025 What Happened After the Attack? Shortly after the July 9 attack on GMX, the exchange announced on X that it was offering a $5 million bounty, which is roughly 12.5 percent of the stolen amount, if…

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Filed under: News - @ July 11, 2025 1:27 pm