The GMX hacker has swapped the assets stolen from the GMX V1 pool for ETH.

The stolen assets include WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. Currently, all assets except for FRAX have been sold for a total of 11,700 ETH ($32.33 million) and dispersed into 4 wallets for storage.

Thus, the GMX hacker now holds 11,700 $ETH ($32.33 million) and 10.495 million $FRAX across 5 wallets. The total value amounts to $42.8 million.

This operation by the hacker likely indicates a refusal of the GMX project's proposal to repay the assets in exchange for a 10% white hat bounty.

Addresses:

10.495 million FRAX: 0xDF3340A436c27655bA62F8281565C9925C3a5221

3,000 ETH: 0xa33Fcbe3b84Fb8393690D1E994B6A6aDC256D8A3

3,000 ETH: 0xe9Ad5a0F2697A3cF75FfA7328BdA93dBAeF7F7e7

3,000 ETH: 0x69c965e164fa60e37a851aA5CD82B13Ae39C1d95

2,700 ETH: 0x639cd2fc24EC06bE64aaf94eB89392Bea98A6605