Following the significant $42 million hack on GMX, a decentralized derivatives trading protocol, blockchain security firm PeckShield has reported that the attacker has moved a substantial portion of the stolen funds. Approximately $9.6 million worth of cryptocurrency has been bridged to the Ethereum network. GMX Offers White Hat Bounty In an attempt to recover the stolen assets, GMX has publicly extended an offer to the hacker. A 10% white hat bounty has been proposed, incentivizing the hacker to return the remaining funds and disclose details of the exploit. The GMX team is likely hoping to mitigate further losses and understand the vulnerability to prevent future attacks. This incident highlights the ongoing security challenges within the DeFi space. ```

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