GMX Hacker Returns $40.5M After Accepting Bounty
GMX Hacker Returns $40.5M After Accepting Bounty
馃 Hacker Has Change of Heart
A hacker who exploited GMX's GLP pool for $40M on July 9th has returned all stolen funds after accepting a white-hat bounty offer.
Key details:
- Full $40.5M returned in ETH and Frax tokens
- GMX offered 10% bounty (1,700 ETH) and promised no legal action
- Bounty funds were transferred through multiple addresses before ending up in Tornado Cash
The incident began when the attacker exploited a vulnerability allowing them to mint excess tokens from the GLP pool, draining various cryptocurrencies including BTC, ETH, and USDC. GMX had temporarily halted trading during the incident.
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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