Hacker Reimburses Funds From $40M GMX Hack

Main notes

• Hacker took advantage of the GMX liquidity rags and theft of 40 million dollars.
• GMX has offered a 5 million dollar white hat bonus for the box’s return.
• The attacker has returned $ 20 million in encryption so far.

GMX

GMX
11.68 dollars



24 hours fluctuation:
4.2 %


The maximum market:
119.26 dollars



Folder. 24h:
$ 77.12

And an invisible exchange of expression

Arb
0.40 dollars



24 hours fluctuation:
11.5 %


The maximum market:
$ 1.97 b



Folder. 24h:
405.11 dollars m

It was exploited by $ 40 million on July 9 after the V1 liquidity striker drained by treating the distinctive symbol values.

Soon after the exploitation, the attacker left a message on the series saying: “Well, the money will be returned later”, which was marked by Blockchain Peckshield.

Less than an hour later, the attacker began sending stolen encryption to GMX, indicating that they accepted the team of the team.

#PECKSHIELDALERT #GMX Msg exploited: The money will be returned later pic.twitter.com/ohlovywsvd

– PECKSHIELDALERT (PECKSHIELDALERT) July 11, 2025

The attacker, known as “GMX Exploiter 2”, started, The stolen re -encryption Since then, he sent more than 9 million dollars in Al -Atheer

Eth
2 $ 949



24 hours fluctuation:
6.5 %


The maximum market:
356.59 dollars b



Folder. 24h:
$ 39.25 b

. PECKSHILD revealed that the GMX team also received more than $ 5.5 million of the attacker’s distinctive Frax.

In another deal, the striker is sent

Frax
$ 1.00



24 hours fluctuation:
0.0 %


The maximum market:
314.25 dollars



Folder. 24h:
2.65 m

Symbols with $ 5 million for GMX. The attacker sent about $ 20 million of cryptocurrencies.

#PECKSHIELDALERT #GMX The exploiter is 5.49m $ Frax to #GMX: Transferred pic.twitter.com/q4hi6dsax1

– PECKSHIELDALERT (PECKSHIELDALERT) July 11, 2025

What happened after the attack?

Shortly after the July 9 attack on GMX, the stock exchange announced on X that it was providing a reward of $ 5 million, or approximately 12.5 percent of the stolen amount, if the attacker returned the money.

GMX also said that the accident will be treated as hacking a white hat and the attacker can maintain the reward without facing any legal consequences.

The team also mentioned that they were ready to provide evidence of the source of the money if the attacker needed to use the reward. Give the attacker a 48 -hour window to return the money before starting legal procedures.

Crypto Exchange has announced that the attacker can keep 10 % of the stolen money as the White Hat Boundy reward, provided that 90 % of the encryption is returned to the dedicated addresses.

This type of exploitation is common between platforms in the encryption space. Oracles or internal data is often treated to artificially dismiss the value of the symbol, allowing them to drain assets by switching distorted prices.

A few weeks ago, ResuPLAPLY.FI was a victim for this, lost $ 9.6 million to exploit. The attacker distorted the value of CRVUSD, as his exchange rate collapsed against zero. This manipulation made it possible to borrow almost free assets.

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