The aggressor who made use of the GMX v1 decentralized exchange (DEX) and took $40 million in crypto started returning the taken funds after sending out an onchain message assuring to return the crypto.
In an onchain message flagged by blockchain security company PeckShield, the hacker composed that the funds will be returned. “Ok, funds will be returned later on,” the exploiter composed in an onchain message, accepting the bounty used by the GMX group.
Hacker starts returning taken crypto
Practically an hour later on, the hacker began returning the crypto taken from the attack. At the time of composing, the address identified GMX Exploiter 2 had actually returned about $9 million in Ether (ETH) to the Ethereum address defined by the GMX group in an onchain message.
PeckShield flagged that the aggressor returned about $5.5 million in FRAX tokens to the GMX group. After a while, the hacker returned another $5 million in FRAX tokens to the GMX address.
At the time of composing, about $20 million in possessions had actually been gone back to GMX.
The make use of on Wednesday targeted a liquidity swimming pool on GMX v1, the very first version of the continuous trading platform released on Arbitrum.
The aggressor drained pipes different crypto possessions from the platform after making use of a style defect to control the worth of GLP tokens.
GMX used a $5 million bounty to the aggressor
In an X post, the GMX group acknowledged the capabilities of the hacker and used a bounty of $5 million for the return of the funds taken throughout the attack.
The group assured that the quantity would be classified as a white hat bounty that the hacker might easily invest as quickly as the funds were returned.
” You have actually effectively carried out the make use of; your capabilities in doing so appear to anybody checking out the make use of deals,” GMX composed. “The white hat bug bounty of $5 million continues to be offered.”
The GMX group stated that this would enable the hacker to eliminate the dangers connected with costs taken funds. The group even used to supply evidence of the source of funds must the hacker need it.
In an onchain message, the GMX group likewise informed the hacker they would pursue legal action in two days if the funds were not returned.
In the message, the group stated the hacker might take 10% of the taken funds as a white hat bounty benefit as long as 90% of the crypto was gone back to the addresses they defined.
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