Hacker Returns $20 Million in Stolen Funds from GMX DEX Exploit
- The hacker who exploited the GMX v1 DEX stole approximately $40 million in crypto assets.
- After promising to return the funds, the attacker has returned about $20 million so far, including $9 million in Ether (ETH) and $10.5 million in FRAX tokens.
- GMX offered a $5 million bounty for the return of the stolen assets, which the hacker accepted as a white hat reward.
- The exploit targeted a liquidity pool on GMX v1, manipulating GLP token values due to a design flaw.
- If not resolved within two days, GMX threatened legal action against the hacker.
Following a significant exploit on GMX v1, where $40 million was stolen, approximately half of those funds have been returned after negotiations with the hacker. The incident highlights vulnerabilities within decentralized finance platforms and their response mechanisms.
As of now, around $20 million has been successfully returned to GMX following an agreement that included a bounty offer for the hacker’s cooperation. (Source)
