Summary
- A $42 million hack occurred at the decentralized derivatives trading protocol GMX.
- The hacker accepted a white hat bounty worth $5 million and returned the stolen assets.
- GMX’s decision to pay a bounty equivalent to 10% of the total stolen assets was noted as a key factor in restoring investor trust.
A $42 million hacking incident occurred at the decentralized derivatives trading protocol GMX, and it appears that the hacker has returned the stolen virtual assets (cryptocurrency).
On the 13th (local time), Cointelegraph reported via X (formerly Twitter), "The GMX hacker has accepted a white hat bounty offer worth $5 million and has returned the stolen assets."
Previously, GMX had left a message to the hacker offering a white hat bounty of 10%. A white hat bounty is a reward paid to hackers who discover security vulnerabilities.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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