The GMX hacker has returned 3,000 ETH to the multi-signature address designated by the GMX team, showing cooperation with the security team.
Previously, the GMX hacker also returned assets worth approximately 10.49 million USD in FRAX and the conversion to ETH worth 32 million USD which generated a profit of around 3 million USD.
MAIN CONTENT
The GMX hacker returned 3,000 ETH to the multi-signature wallet of the GMX security team.
The total assets returned include 10.49 million USD FRAX and 32 million USD ETH, which generated a profit of 3 million USD.
How much ETH has the GMX hacker transferred back and what is the receiving address?
Based on the analysis of on-chain expert Yu Jin, the GMX hacker has transferred 3,000 ETH back to the multi-signature address designated by the GMX project. This is evidence of cooperation between the hacker and the security team, aimed at minimizing damage and protecting the community.
This data is tracked directly through top on-chain tools, showing transparency in transactions related to the attack.
What assets had the hacker returned previously and what profits were made?
Before returning 3,000 ETH, the GMX hacker returned approximately 10.49 million USD FRAX – a popular stablecoin with stable value – while converting about 32 million USD to ETH. This ETH has generated a profit of around 3 million USD for the hacker due to price fluctuations in the cryptocurrency market.
This action not only helps mitigate damage but also reflects a portion of the hacker's understanding and calculations in asset conversion activities.
The hacker's move to return assets shows the complexity and underlying relationships in today's cryptocurrency attacks.
– Yu Jin, independent on-chain analyst, 11/07/2024
What does this move mean for the GMX project and the community?
The hacker's proactive cooperation and return of the majority of assets to the GMX security team's multi-signature wallet is a positive signal, helping to protect the project's reputation and reinforce community trust. This is also a first step for the project to control risks and implement effective recovery measures.
From a risk management perspective, transparency in the asset transfer process can minimize negative impacts in terms of communication and finance for GMX.
Are there any detailed figures or reports about the incident currently?
According to the report by on-chain expert Yu Jin on 11/07/2024, the transactions of returning ETH are closely monitored through blockchain analysis tools, confirming the accuracy of the information. This is a reliable data source recognized by the cryptocurrency community.
Compare the total value of the assets attacked and the portion of assets returned.
Asset Type | Value Stolen (USD) | Value Returned (USD) | Profit from Conversion (USD) | FRAX | 10.49 million | 10.49 million | 0 | ETH (converted) | 32 million | 32 million | 3 million
Frequently Asked Questions
How much assets has the GMX hacker returned?
The hacker returned 10.49 million USD FRAX and 3,000 ETH equivalent to about 32 million USD, including conversion profits of about 3 million USD.
Who does the receiving ETH address belong to and what does it mean?
The multi-signature address belongs to the GMX security team, helping to tightly control assets and demonstrating cooperation to mitigate risks.
How does the hacker's return of assets affect GMX?
Who provided the data and is it reliable?
The information is analyzed by Yu Jin, a reputable on-chain expert, based on transparent blockchain data.
Does the hacker profit from this activity?
Yes, the hacker earned 3 million USD from converting assets to ETH when the price fluctuated.
Source: https://tintucbitcoin.com/hacker-gmx-tra-lai-3-000-eth/
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