The hacker behind the GMX hack has agreed to return the stolen funds amounting to $42 million in exchange for a $5 million reward. This situation has led to significant price fluctuations for GMX.
Events Surrounding the GMX Hack
Recently, it was reported that altcoin GMX, listed on the Binance platform, was hacked, resulting in the theft of $42 million.
Funds Returned by the Hacker
Today, the hacker agreed to return the stolen assets. In an on-chain message, he confirmed that he would return the funds in exchange for a $5 million reward from the GMX team. So far, the hacker has returned Frax (FRAX) tokens worth $10.49 million, while the remaining assets were converted to Ethereum.
Market Reaction to the Return
The market responded positively to the hacker's return of assets, with GMX price increasing by 15.1% over the last 24 hours, currently trading at $13.24.
The situation regarding the hacker's return of funds emphasizes the volatility present in the cryptocurrency market. Further actions from the hacker are keenly anticipated by market participants.
