The hacker who exploited the GMX v1 decentralized exchange and stole $40 million in crypto has begun returning the stolen funds after agreeing to a $5 million bounty from the GMX team. Initially, the attacker sent an onchain message confirming the return of the stolen assets. Following this, about $20 million in assets, including $9 million in Ether and $10.5 million in FRAX tokens, have been returned to the GMX addresses. The exploit, which involved a flaw in the GLP token valuation, occurred on the Arbitrum platform. The GMX team publicly acknowledged the abilities of the hacker and offered the bounty as an incentive for a partial return of the funds, allowing the hacker to spend a portion while eliminating legal risks. Failure to return the funds within the stipulated time would result in legal action from the GMX team.

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