Good News Comes from Altcoin Hacked Two Days Ago: Hacker Begins Returning Funds! “But He Could Turn the Corner!”
2 min read
Recently, Binance-listed altcoin GMX was hacked and $42 million was stolen. Following the hack news, the GMX price dropped sharply in a short time. Related News: JUST IN! The Price of This Altcoin Listed on Binance Crashed! Here’s Why… However, the GMX hacker agreed today to return $42 million in assets in exchange for a $5 million reward. “Okay, funds will be returned later,” the attacker wrote in an on-chain message, accepting the reward offered by the GMX team. The GMX hacker accepted the $5 million white hat bounty and began returning the stolen funds. According to Lookonchain, the hacker has returned 10.49 million worth of Frax (FRAX) tokens so far. The remaining $32 million was converted to Ethereum after the hack. The 11,700 ETH, currently worth $35 million, generated $3 million in profits. At this point, the hacker’s next move is a matter of curiosity. Whether the hacker will return the entire 11,700 ETH he holds or the initial amount he stole is a matter of curiosity. If the hacker only returns the initial $32 million ETH, they will be left with approximately $3 million in ETH. “Will the hacker return the full 11,700 ETH ($35 million), or will he sell ETH to return $32 million and make a $3 million profit?” The hacker’s return of the stolen funds was met with positive response from the market, with the GMX price increasing by 15.1% in the last 24 hours and continuing to trade at $13.24. The #GMX hacker chose to return the stolen $42M assets for a $5M white-hat bug bounty. Currently, $10.49M $FRAX has been returned. Another $32M assets had been swapped into 11,700 $ETH , which is now worth $35M—netting a ~$3M gain. Will the hacker return all 11,700… pic.twitter.com/XjBlAK81Mf — Lookonchain (@lookonchain) July 11, 2025 *This is not investment advice. Continue Reading: Good News Comes from Altcoin Hacked Two Days Ago: Hacker Begins Returning Funds! “But He Could Turn the Corner!”
Source: BitcoinSistemi
