The GMX hacker, responsible for a significant theft of cryptocurrency assets, has swapped the majority of the stolen funds for Ethereum (ETH), according to a report by AmberCN. The stolen assets, encompassing a diverse range of cryptocurrencies including WBTC, WETH, UNI, FRAX, LINK, USDC, and USDT, were exchanged for a substantial 11,700 ETH, valued at approximately $32.33 million. AmberCN reported this swap via their X (formerly Twitter) account. Following the conversion, the 11,700 ETH was transferred to four distinct wallets, effectively dispersing the funds. As of the latest update, the hacker controls a total of five wallets containing the 11,700 ETH and a remaining 10.495 million FRAX. Law enforcement and blockchain analysts are likely tracking these wallets to trace the flow of funds. The original attack vector and the hacker's identity remain under investigation. ```

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