Hacker returns cryptocurrency stolen from GMX exchange after $5 million bounty payment

A hacker stole $42 million from the decentralized exchange GMX but returned the majority of the funds in exchange for a bounty. GMX confirmed the resolution of the vulnerability and the hacker’s cooperation, though legal liabilities could still apply. #GMX #CryptoTheft #BlockchainSecurity

Keypoints

The hacker stole approximately $42 million from GMX, a decentralized trading platform.
GMX offered a $5 million bounty and promised not to pursue litigation if the funds were returned.
The stolen funds included 10,000 ETH and $10.5 million in FRAX coins, transferred in chunks.
GMX identified and resolved a vulnerability that enabled the theft in recent platform updates.
The hacker’s cooperation does not exempt them from potential legal action, as seen in past similar cases.