July 12, 2025
The GMX Bleak answered the bounty and started returning the money thumbnail
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The GMX Bleak answered the bounty and started returning the money

Hacker, which at the beginning of the week stole more than $ 43 million from a decentralized GMX derivative exchange exchange, came to communication and returned some of the money. #Peckshshieldalert #gmx Exploiter Msg: Funds Will Be Returned Later Pic.twitter.com/ohlovywsvd-Peckshieldalert (@peckshshieldelert) July 11, 2025 after the incident offering 10% of stolen in exchange for a return of the rest without […]”, – WRITE: Businessua.com.ua

The GMX Break responded to the bounty and started returning money - Infbusiness

Hacker, which at the beginning of the week stole more than $ 43 million from a decentralized GMX derivative exchange exchange, came to communication and returned some of the money.

#PECSHIELDALDALIRT #GMX Exploiter Msg: Funds Will Be Returned Later pic.twitter.com/ohlovywsvd

– Peckshieldalert (@peckshshieldalert) July 11, 2025

After the incident, the GMX appealed to the hacker with onchin messages, offering 10% of the rest stolen in exchange for the rest without legal consequences. According to Peckshield, on Friday, Hacker replied: “Well, the money will be returned later,” and made two transactions of 5.5 million and 5 million FRAX at GMX.

The attacker took advantage of the attacker with vulnerability in the OrderBook Contract of the GMX V1 on Arbitrum and took out cryptocurrencies, including USDC, FRAX, WBTC and Weth. In response, the GMX team stopped the trade and issue of GLP-duct at Arbitrum and Avalanche. GMX V2 and GMX token were not compromised.

In Postomym, the GMX team confirmed that the reason was a lot of re-call, which allowed to change the average price of shorts on BTC, raise the price of GLP duct and withdraw profits.

The project turned to other GMX V1 forks with safety advice and announced the Tao-digestion on the mechanisms of compensation. Funds for compensation will form separately. GMX V2 works in full -time mode.

According to the platform site, the total trading exceeds $ 306 billion and open interest – $ 265 million.

Recall that Greek law enforcement officers confiscated some of the funds stolen from the wallet related to the local cryptocurrency.

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