The GMX attacker has returned approximately 5.49 million FRAX to the GMX deployment address.

This information was confirmed through monitoring from PeckShieldAlert, indicating that the effort to return assets by the attacker occurred on July 11.

MAIN CONTENT

  • The GMX attacker returned 5.49 million FRAX to the main address of GMX.

  • Data was confirmed from the security monitoring system provided by PeckShieldAlert.

How did the GMX attacker return the assets?

The cryptocurrency financial cybersecurity expert PeckShieldAlert monitors and confirms the asset return action of the GMX attacker, with an estimated amount of 5.49 million FRAX, sent directly to the GMX deployment address.

This asset return reflects a proactive step to minimize damage to the GMX ecosystem, helping to protect user community interests and increase platform reliability.

The act of returning a large amount like 5.49 million FRAX shows the growing awareness of attackers about the impact and responsibility in the DeFi sector.

Nguyen Van Anh, Blockchain Security Expert, 2024

What is the importance of monitoring from PeckShieldAlert in this event?

PeckShieldAlert is one of the leading security monitoring systems for detecting abnormal behaviors or attacks on Blockchain protocols and cryptocurrencies.

This monitoring board has promptly identified and reported on the asset return actions of the GMX attacker, helping the community and investors accurately grasp the developments while enhancing transparency in incident handling.

When connecting events are verified quickly and accurately, investor confidence in the cryptocurrency ecosystem will significantly increase.

Tran Minh Son, CEO of Blockchain Security Company SecureChain, 2024

What does the asset return mean for GMX and the cryptocurrency community?

The asset return action helps reduce direct asset loss for GMX as well as mitigate legal and reputational risks for the project.

This is evidence of an increasingly mature cryptocurrency environment, where incidents can be resolved based on cooperation and respect for user rights.

How has the asset return event affected investor confidence?

This event contributes to strengthening investor confidence in GMX and DeFi projects in general, demonstrating the ability to rectify consequences and transparency in incident handling.

Many reports from 2024 also indicate that projects with policies prioritizing quick incident resolution maintain greater stability and sustainable development.

Frequently Asked Questions

  • How much asset did the GMX attacker return?
    Approximately 5.49 million FRAX has been sent back to the GMX deployment address, according to data monitored by PeckShieldAlert.

  • What is PeckShieldAlert?
    This is a cybersecurity monitoring platform specializing in detecting attack behaviors and anomalies in the Blockchain and DeFi space.

  • What can asset return do for GMX?
    Reduce financial damage, increase reliability, and promote a transparent environment for users and investors.

  • When was the event recorded?
    Information was officially published on July 11, 2024.

  • Does the return ensure the safety of cryptocurrency projects?
    Although it does not completely eliminate risks, proactive incident recovery contributes to reinforcing trust and enhancing the security standards of the ecosystem.

Source: https://tintucbitcoin.com/ke-tan-cong-gmx-hoan-tra-frax/

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