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 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 @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, the decentralized perpetual exchange GMX has been exploited for over $42 million in various cryptocurrencies. The blockchain security firm reported that the stolen assets include over $10 million in legacy Frax Dollar, $9.6 million in wrapped BTC (wBTC), and $5 million in DAI stablecoin. The report indicates that $9.6 million of the stolen funds have been bridged to the Ethereum blockchain, while $32 million remains on the Arbitrum network where GMX operates. In response, GMX developers have publicly offered the attacker a 10% white-hat bounty for the return of the funds via an on-chain message. This incident adds to the significant losses from crypto hacks, which a CertiK report stated amounted to $2.5 billion in the first half of 2025. For traders, this exploit on a major Arbitrum-based DEX could impact sentiment around DeFi security, the GMX token, and the broader Arbitrum ecosystem.

According to @rovercrc, a hacker who stole $23 million from the Bittrue exchange in 2023 has reportedly made a $9.37 million profit by strategically trading Ether (ETH) and is now laundering $30 million through the Tornado Cash mixing service. Citing Debank data, EmberCN reported that the hacker sold the stolen tokens in 2023, repurchased them at a lower price, and held through ETH's recent rally. On-chain data from Etherscan also reveals deposits to the decentralized derivatives exchange HyperLiquid. Currently, ETH is trading around $2,520. In a separate development, the Trump-affiliated World Liberty Foundation announced a significant policy change, stating its WLFI token will soon become transferable and tradable, a reversal of its initial non-tradable design. This move could open up WLFI to secondary market speculation.

According to @lookonchain, a hacker responsible for the $23 million theft from the Bittrue exchange in 2023 has initiated laundering activities. Citing Debank data, EmberCN reports that the individual funneled $30 million worth of Ether (ETH) through the mixing service Tornado Cash. This sum includes a significant trading profit of $9.37 million, which the hacker reportedly made by selling the initially stolen assets, repurchasing ETH after its price dropped, and holding it through its recent rally. On-chain analysis from Etherscan further reveals that some of the stolen funds were also moved to the decentralized derivatives exchange HyperLiquid. This movement of illicit funds, particularly the profitable trading strategy employed, is a significant event for on-chain analysts monitoring wallet activities and potential impacts on platforms like Tornado Cash and HyperLiquid.

According to Tom Robinson, co-founder of Elliptic, the $90 million hack on Iranian cryptocurrency exchange Nobitex by pro-Israel group Gonjeshke Darande is an act of politically motivated sabotage, not financial theft. Yehor Rudytsia, a security researcher at Hacken, confirmed that the stolen funds were permanently burned in inaccessible vanity wallets, making recovery impossible. This event could cripple Iran's ability to bypass sanctions using cryptocurrency, potentially increasing regulatory scrutiny and volatility in global crypto trading markets.

According to PeckShieldAlert, $HAI has experienced a significant security breach, resulting in an immediate and sharp price crash. The hack has led to heightened volatility and increased trading activity, with investors reacting swiftly to the news. This event underscores the ongoing risks of smart contract vulnerabilities in the cryptocurrency sector and is likely to impact broader market sentiment, particularly among altcoins with similar market profiles (Source: PeckShieldAlert, June 20, 2025).

According to PeckShieldAlert, the address labeled as the Cork Protocol exploiter has moved 4,530.59 ETH, valued at approximately $11.4 million, to a new wallet (0xFC0A...CDff4). This significant ETH transfer suggests potential liquidation or laundering activity and could increase volatility for ETH in the short term as traders monitor the new wallet for further movements. The sudden shift in large ETH holdings is likely to impact market sentiment and short-term trading strategies. Source: PeckShieldAlert on Twitter.

According to PeckShieldAlert, the address labeled as the Abracadabra.money exploiter has moved 3,000 ETH, valued at approximately $7.5 million, to Tornado Cash. This follows the March 2025 incident where Abracadabra was drained of $13 million in a major exploit (source: PeckShieldAlert on Twitter, June 19, 2025). This movement of stolen funds through Tornado Cash increases risks of further market sell-offs and raises concerns over the security of DeFi platforms and the traceability of large ETH transfers. Traders should monitor ETH price volatility and be cautious with DeFi protocols facing exploit aftermaths.

According to ZachXBT, the stolen crypto assets were funneled through the low-volume privacy tool Secret Bridge, then moved via two instant exchanges before being distributed across more than 20 Gate.io deposit addresses and other services (source: ZachXBT on Twitter, May 9, 2025). This complex laundering process highlights increased risk of asset obfuscation on centralized exchanges, potentially impacting liquidity and compliance for traders monitoring suspicious inflows.

According to PeckShieldAlert, addresses linked to the Bitrue exploiter have recently swapped 150 billion SHIB and 756 million HOT tokens for approximately 1,500 ETH, with 1,050 ETH subsequently laundered through Tornado Cash. The exploiter continues to hold 5,111 ETH and 16 million DAI, with a total value of around $25.5 million. This activity follows the 2023 Bitrue cyberattack and highlights ongoing risks for token liquidity and ETH market sentiment as large asset movements by malicious actors can trigger price volatility and impact trader confidence (Source: PeckShieldAlert).

According to Bold (@boldleonidas), users experienced locked accounts when attempting to withdraw funds from Coinbase on a regular business day, whereas withdrawals from ByBit were reportedly processed without issues even on the same day as the largest hack in crypto history. This highlights potential differences in operational protocols and risk management strategies between the two exchanges, which could impact trader preferences and trust in these platforms.

According to Cas Abbé, North Korean hacker group Lazarus has executed the largest crypto hack in history, stealing $1.46 billion worth of ETH from Bybit. The breach occurred during Bybit's regular weekly transactions to its warm wallet, drawing parallels to the previous WazirX hack. This development is critical for traders monitoring exchange security and potential impacts on Ethereum market liquidity.

According to Michaël van de Poppe, the largest crypto hack ever accounted for 20% of total crypto hacks, yet the markets showed resilience with only a 2% decline, indicating strength in market stability.