PANews reported on July 10 that according to monitoring by on-chain analyst Ember, the GMX hacker has exchanged the assets stolen from the GMX V1 pool for ETH.

The assets stolen by the hacker include WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. At present, all assets except FRAX have been sold in exchange for 11,700 ETH (US$32.33 million) and stored in 4 wallets.

The GMX hacker now holds 11,700 ETH and 10.495 million FRAX through 5 wallets, with a total value of $42.8 million. This operation should also mean that the hacker rejected the GMX project's proposal to repay the assets and take a 10% white hat bounty.