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Frax Flash News List | Blockchain.News
Flash News List

List of Flash News about Frax

Time Details
2025-07-11
10:52
GMX Hacker Returns $40 Million in ETH and FRAX, Potentially Keeps $5 Million White Hat Bounty

According to @EmberCN, the hacker involved with the GMX protocol has reportedly returned assets totaling approximately $40 million. The returned funds consist of 10.495 million FRAX and 10,000 ETH, the latter valued at around $30 million, as stated in the analysis. The report from @EmberCN further notes that the hacker's wallet still contains 1,700 ETH, worth about $5 million. This amount corresponds to the $5 million white-hat bounty previously offered by the GMX project, implying the hacker may have kept it as a reward. This resolution could positively influence trader sentiment and the stability of the GMX token by restoring funds and demonstrating a conclusion to the security incident.

Source
2025-07-11
10:22
GMX Exploiter Returns Another $3M in ETH, Boosting Protocol's Security Fund to $40.5M

According to @PeckShieldAlert, the individual who previously exploited the GMX protocol has returned an additional 1,000 ETH, valued at approximately $3 million, to the GMX Security Committee's multisig address. This latest return brings the total value of assets held in the security wallet to $40.5 million. The wallet's holdings now include around 10,000 ETH and 10.5 million FRAX. For traders, the ongoing return of exploited funds is a significant positive indicator for the GMX protocol's integrity and financial stability, potentially strengthening investor confidence in the GMX token.

Source
2025-07-11
10:16
GMX Exploiter Returns $37.5M in ETH and FRAX, Boosting Protocol Security

According to PeckShieldAlert, an exploiter has returned a significant amount of funds to the GMX protocol, totaling approximately $37.5 million. The returned assets include around 9,000 Ethereum (ETH) and 10.5 million FRAX stablecoins, which were transferred to the GMX Security Committee Multisig address. This fund recovery is a positive development for the GMX ecosystem, potentially restoring investor confidence and positively impacting the GMX token's price by mitigating the financial damage from the exploit.

Source
2025-07-11
08:54
GMX (GMX) Security Breach Update: Hacker Returns Over $10M in Stolen FRAX After Negotiations

According to @EmberCN, the hacker involved in the GMX exploit has returned 10.49 million FRAX to the GMX deployer wallet, suggesting successful negotiations have taken place. This development follows the theft of $42 million from the GMX V1 pool on July 9th. After the initial exploit, the GMX team publicly offered a 10% bounty for the return of the funds. The exploiter had previously converted all stolen assets into Ethereum (ETH), with the exception of the FRAX stablecoin. The partial return of funds is a significant event for GMX holders, as the recovery of assets could help restore investor confidence and potentially lead to a positive price movement for the GMX token.

Source
2025-07-11
08:51
GMX Hacker Returns $42M in Stolen Assets for $5M Bug Bounty, Profits $3M on ETH (ETH) Swap

According to @lookonchain, the individual responsible for the GMX (GMX) exploit has agreed to return $42 million in stolen assets in exchange for a $5 million white-hat bug bounty. On-chain data confirms that $10.49 million in FRAX (FRAX) has been returned so far. The hacker had previously converted $32 million of the stolen funds into 11,700 Ethereum (ETH), which is now valued at $35 million, representing a potential profit of approximately $3 million from the trade. The market is now watching to see if the hacker will return the full 11,700 ETH as part of the agreement, an event which could influence sentiment around GMX and related assets.

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