The GMX hacker has returned a large portion of the stolen assets, including 10,000 ETH and 10.5 million USD FRAX.
The GMX attack caused damages exceeding 42 million USD; however, the hacker currently retains only a portion of ETH worth approximately 5.12 million USD.
MAIN CONTENT
GMX hacker returned 10,000 ETH (30 million USD) and 10.5 million USD FRAX.
The total damage from the attack exceeded 42 million USD.
The remaining ETH of the hacker is worth approximately 5.12 million USD.
How much has the GMX hacker returned after the attack?
According to Onchain Lens monitoring, the hacker returned 10,000 ETH and 10.5 million USD FRAX to the multi-signature wallet of the GMX Security Committee.
According to the report on July 11, this is a significant amount of cryptocurrency with a total value of 40.5 million USD, reflecting some responsibility after the serious security breach that resulted in damages exceeding 42 million USD.
How did the GMX attack financially impact?
GMX was hacked for over 42 million USD, creating a major shock in the cryptocurrency community and highlighting security issues of DeFi platforms.
In addition to ETH and FRAX, the damages also include various other assets that are temporarily accounted for, reflecting the complexity of the ecosystem and the importance of network risk management.
"The hacker returning a portion of the assets is a positive signal, however, ensuring the security of the platform remains a top priority."
Mr. Nguyen Van An, CEO of a Blockchain research company, July 11, 2024
How much valuable assets does the hacker still hold?
After returning most of the assets, the hacker still retains about 1,700 ETH in their wallet, worth approximately 5.12 million USD at current exchange rates.
This amount of ETH could impact the value and stability of GMX if converted or heavily traded, while also warning of unresolved security risks.
What is the significance and impact of this incident on the cryptocurrency community?
The attack and asset return event demonstrate the transparency of On-chain features and the role of security regulatory bodies.
It raises awareness about digital asset security, encourages projects to improve user protection, and contributes to cleansing the cryptocurrency market.
What security measures can prevent similar incidents from recurring?
Multi-signature wallets, regular security audits, and On-chain monitoring should be implemented to reduce risks and detect unusual activities early.
Combining technical solutions and risk management will contribute to building a safer cryptocurrency ecosystem.
Frequently Asked Questions
When did the GMX attack occur?
The incident was reported on July 11, 2024, based on Onchain Lens data and information from the GMX Security Committee.What was the level of damage caused by the hacker?
The hacker stole a total of over 42 million USD including ETH and FRAX.How much of the assets has the hacker returned?
10,000 ETH and 10.5 million USD FRAX have been returned to the GMX Security Committee multi-signature wallet.What is the remaining balance of the hacker?
Approximately 1,700 ETH worth nearly 5.12 million USD is still in the hacker's wallet.What security solutions are available for DeFi platforms?
Implementing multi-signature wallets, regular security audits, and On-chain monitoring are essential steps according to experts' experience.
Source: https://tintucbitcoin.com/hacker-gmx-tra-10-000-eth-lai/
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