On July 10, CoinWorld reported that on-chain analyst Yu Jin monitored that the GMX hacker has converted the assets stolen from the GMX V1 pool into ETH. The stolen assets include WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. Currently, except for FRAX, all other assets have been sold for 11,700 ETH (32.33 million USD) and dispersed into 4 wallets for storage. The GMX hacker now holds 11,700 ETH and 10.495 million FRAX across 5 wallets. The total value is 42.8 million USD. This operation should also indicate that the hacker rejected the GMX project's proposal to repay the assets in exchange for a 10% white hat bounty.