A crypto pirate who stole tens of millions of dollars in the exchange of decentralized gmx (GMX) crypto turns a white hat by returning the stolen funds to collect a bonus.
In a new thread on the social media platform X, GMX says that the pirate who has stolen a value of $ 42 million in crypto earlier this week in his liquidity pool based on arbitrum (ARB) returns funds and collects a reward of $ 5 million.
“A potential usable amount of $ 42 million belonging to GLP holders has been guaranteed. After payment of a $ 5 million bonus for the user, the remaining funds are now safe in the GMX Security multisig.
The contributors work on a distribution plan proposed for the presentation at GMX DAO (Decentralized Autonomous Organization) and will share more information shortly. »»
According to previous reports, the pirate struck on July 9 and transferred part of the funds to an unknown portfolio. At the time, GMX declared that the feat was limited to GMXV1 and that V2, its markets and its liquidity pools, as well as the native assets of the ecosystem, were not affected.
In his report on the incident, GMX affirms that the feat was a reinforcement attack, or a type of hacking which affects intelligent contracts by taking advantage of a vulnerability presented when an intelligent contract makes a call to another before updating itself, leaving the possibility of an external malicious contract to enter.
The news of the returned fund has skyrocketed GMX, because the digital asset is negotiated at $ 13.36 when writing the editorial’s time of 18.4% in the last 24 hours.
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