GMX Exploit Saga Ends with Full Fund Return
GMX Exploit Saga Ends with Full Fund Return
馃 Hacker Returns the Bag
A hacker who exploited GMX's GLP pool for $40M on July 9th has returned all stolen funds, accepting the protocol's white-hat bounty offer.
The exploit initially drained multiple assets including BTC, ETH, and USDC through a token minting vulnerability. GMX responded by:
- Halting all trading operations
- Offering 10% bounty (1,700 ETH) for fund return
- Promising no legal action if returned within 48 hours
The hacker complied, returning $40.5M in ETH and Frax. The bounty payment was subsequently moved through various addresses before being deposited in Tornado Cash.
Update: The hacker decided to give it all back 馃檶 $40.5M returned in ETH & Frax, accepting GMX's white-hat bounty. The 1,700 ETH bounty was moved around before eventually landing in Tornado Cash. Read the full article on @DecryptMedia 猬囷笍
GMX was exploited for $40M yesterday 鈿狅笍 The hacker drained BTC, ETH, USDC & more by abusing a bug in the GLP pool which allowed them to mint more tokens. GMX has since halted trading and offered a 10% white-hat bounty if funds are returned within 48 hours. They'd pursue no
GMX was exploited for $40M yesterday 鈿狅笍 The hacker drained BTC, ETH, USDC & more by abusing a bug in the GLP pool which allowed them to mint more tokens. GMX has since halted trading and offered a 10% white-hat bounty if funds are returned within 48 hours. They'd pursue no
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