GMX Hacker ETH Strategy: Bug Bounty Win or Exit Scam Move?

Is the GMX Hacker a White Hat or Just Masking a $3M Exit Scam?

In a shocking move that has stunned the crypto community, the GMX Hacker has returned some of the swiped $42 million, but not all As reported by the Lookonchain. And this has left one pressing question: is this an exit scam or a bug bounty?

Source: Lookonchain

$42M Gone: The GMX Exchange Hack

On July 9, decentralized trading platform GMX Exchange on Arbitrum and Avalanche was the target of a huge hack. The GMX Hacker made off with approximately $42 million from the platform's GLP liquidity pool. Tokens such as USDC, WETH, WBTC, DAI, LINK, and FRAX were hacked, causing panic among users and a sudden 10% decrease in the platform's token prices. The price is now trading at $13.21 with an increase of 13. 38%.