GMX Exploiter Starts Returning $40M in Stolen Crypto After Bounty Deal

July 11, 2025

Share via:

The attacker who exploited the GMX v1 decentralized exchange (DEX) and stole $40 million in crypto started returning the stolen funds after sending an onchain message promising to return the crypto taken during the hack.

In an onchain message flagged by blockchain security firm PeckShield, the hacker wrote that the funds will be returned. “Ok, funds will be returned later,” the exploiter wrote in an onchain message, accepting the bounty offered by the GMX team.

Hacker begins returning stolen crypto

Almost an hour later, the hacker started…

Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

RealSense spins out of Intel to scale its stereoscopic imaging technology

Next News

Cookd raises Rs 16 Cr in pre-Series A round led by Spring Marketing Capital

Cointelegraph