GMX Hacker Returns $37.5 Million in Stolen Crypto Including 9,000 ETH and 10.5 Million Frax

On July 11, the GMX Security Committee confirmed the recovery of $37.5 million in crypto assets previously compromised by a hacker. The restitution includes roughly 9,000 ETH and 10.5 million Frax tokens, which were returned to the committee’s multi-signature wallet. This development underscores the effectiveness of coordinated security protocols and highlights the growing importance of multi-signature accounts in safeguarding digital assets. According to Paidun monitoring, the incident marks a significant step toward asset recovery and reinforces trust within the decentralized finance ecosystem. Market participants are closely monitoring the situation as it sets a precedent for handling large-scale crypto breaches with transparency and accountability.