According to EmberCN, the GMX project team sold 10,000 ETH for 29.597 million USDT at an average price of $2,959 per coin. This action followed a hacker's return of assets, which included the 10,000 ETH (valued at $30 million) and 10.495 million FRAX stablecoins. The source suggests that converting the returned Ethereum into the stablecoin USDT is likely a strategic move to prepare for refunding assets to the affected users, as monitored via the GMX Security Committee's multi-signature address.

According to @EmberCN, the hacker involved in the recent GMX exploit has now laundered the 1,700 ETH ($5 million) white-hat bounty using the Tornado Cash mixer. This event marks the conclusion of the security incident where the attacker initially stole assets worth $42 million, which appreciated to $45 million due to the rise in Ethereum's (ETH) price, as cited by the source. The source reports that the hacker returned $40 million of the assets to GMX, with the protocol covering the remaining $2 million loss. The exploiter ultimately walked away with the $5 million bounty, an outcome that could influence trader sentiment regarding GMX's security resolution process and the ongoing risks associated with DeFi protocols.

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.

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.

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.

According to @PeckShieldAlert, the individual who exploited the GMX protocol has returned a second batch of funds. The transaction involved approximately 3,000 ETH, with an estimated value of $9 million, sent to the GMX Security Committee's multisig address. This fund recovery is a significant positive development for the GMX protocol's security and financial stability, potentially reducing selling pressure on the GMX token and restoring investor confidence.

According to @EmberCN, the hacker involved in the GMX exploit has returned 3,000 Ethereum (ETH) to the GMX team's Security Committee multi-signature address. This significant return of funds follows a previous transaction where the hacker also returned stolen FRAX tokens. This development is a positive signal for the GMX protocol and its token holders, potentially boosting market confidence and indicating a partial recovery of assets from the security breach.

According to @PeckShieldAlert, an exploiter has returned approximately 3,000 ETH, valued at around $9 million, to the GMX protocol's Deployer Gnosis Safe Proxy. For traders, this return of stolen funds is a significant positive development that could restore investor confidence in the GMX platform's security and potentially lead to a bullish sentiment for the GMX token. The recovery of assets following an exploit often mitigates the initial negative price impact and is viewed favorably by the market.

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.

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.

According to PeckShieldAlert, an exploiter connected to the GMX protocol has sent an on-chain message indicating that the stolen funds will be returned at a later time. The blockchain security firm highlighted this communication from the exploiter. For traders, this development could introduce significant volatility for the GMX token. A potential return of funds could trigger a positive price movement, while any delay or failure to follow through could lead to negative sentiment. The situation remains uncertain until the funds are actually returned.

According to @EmberCN, the decentralized perpetual exchange GMX has suffered a major exploit resulting in the theft of over $42 million in crypto assets, as initially reported by blockchain security firm PeckShield. The stolen funds include over $10 million in legacy Frax dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in DAI stablecoin. The report notes that $9.6 million has already been bridged to the Ethereum (ETH) network, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have made an on-chain offer to the hacker for a 10% white-hat bounty in exchange for the return of the funds. This incident underscores the significant security risks for traders in the DeFi space, which is a critical consideration for portfolio security.

According to Lookonchain, GMX and MIM_Spell related contracts were hacked, resulting in the loss of approximately 6,262 ETH, valued at $12.9 million. The hacker has successfully bridged these assets to the Ethereum network and distributed them across three new wallets. This incident highlights significant security vulnerabilities affecting these platforms. Traders should exercise caution and monitor the wallets involved through Etherscan for any suspicious activities.

According to Lookonchain, GMX and MIM_Spell related contracts were compromised, resulting in a loss of approximately 6,262 ETH, valued at $12.9 million. The stolen Ethereum was bridged to the Ethereum network and subsequently distributed across three new wallets. This incident highlights potential vulnerabilities within these platforms and may impact trading strategies involving GMX and MIM_Spell tokens. (Source: Lookonchain)

According to ZachXBT, an OSINT analysis was conducted to identify posts in Telegram groups by a specific account. Three posts were found in the GMX group from the same Telegram ID, which sought assistance. This was verified to be the same individual as the account 0xe4d3, who was actively trading on-chain at the same time.

According to ZachXBT, the user 0xf3f signed a message under the X account @qwatio claiming to have made $20 million on the platforms GMX and HL. To substantiate this claim, 0xf3f would need to control the wallets associated with these earnings. The original posts regarding this claim were subsequently deleted from the platform.

According to ZachXBT, a trader attracted significant attention after executing two onchain trades involving large ETH and BTC long positions with 50X leverage on Hyperliquid and GMX. This activity occurred just before an announcement by Trump regarding a crypto reserve, highlighting the trader's strategic market positioning. [Source: ZachXBT]

According to Ai 姨 (@ai_9684xtpa), the addresses 1️⃣2️⃣4️⃣ are highly active on GMX since January, employing an average leverage of 30x, resembling Hyperliquid's trading style. The primary focus is on BTC/ETH contracts, with involvement in SOL, DOGE, and LINK, explaining previous YGG trades on Hyperliquid. Among these, address 1️⃣2️⃣ recorded a loss of $2.51 million.

According to Ai 姨, a significant trader profited $7.13 million using 50x leverage on Hyperliquid, raising questions about whether they are an insider or a high-risk gambler. The trader has previously earned $2.53 million through high leverage on GMX since January and is active on gambling platforms Roobet and AlphaPo. Additionally, they have interacted with ChangeNOW, a platform favored by hackers.

According to Lookonchain, a cryptocurrency whale who previously earned $6.8 million by going long on BTC and ETH with 50x leverage has now made an additional profit of approximately $300,000 by shorting BTC. This trader is noted for employing extremely high leverage, including 100x leverage for trades involving BTC and ETH on the GMX platform.