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GMX Exploit: Hacker Returns $10.49M and Agrees to White-Hat Bounty
The hacker responsible for the $42 million exploit on GMX has begun returning funds, with $10.49 million already recovered in FRAX and an agreement in place for a $5 million white-hat bounty. Approximately $32 million of assets were swapped into 11,700 ETH, which is now valued at around $35 million. This situation raises questions about whether the hacker will return the entire stolen amount or only the initial sum.
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AI Analysis
The recent developments in the GMX exploit case highlight a complex scenario involving cyber security, asset recovery, and ethical hacking. The hacker responsible for the initial $42 million breach ha...
AI Recommendation
Investors should approach with caution, recognizing the ongoing security risks associated with DeFi protocols. This incident should serve as a reminder to prioritize due diligence and risk management ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.