TechFlow, July 10 — According to on-chain analyst Ember (@EmberCN), the hacker who attacked GMX V1 has converted stolen assets including WBTC, WETH, UNI, LINK, USDC, and USDT into approximately 11,700 ETH (worth $32.33 million) and distributed them across four different wallets.
The hacker currently holds a total of 11,700 ETH and 10.495 million FRAX stablecoins across five wallets, amounting to roughly $42.8 million in value. Analysts suggest this move may indicate the hacker's rejection of GMX project team’s proposal offering a "10% white-hat bounty in exchange for asset return."
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