Hacker returns cryptocurrency stolen from GMX exchange after $5 million bounty payment

An article by an unknown author details a recent $42 million cryptocurrency theft from the decentralized exchange GMX, resolved by returning the funds in exchange for a $5 million bounty.

The thief exploited a vulnerability in GMX’s platform, agreeing to return the funds to avoid legal consequences. GMX assured its users that their bug bounty program would address financial losses. Despite reaching an agreement, the thief may still face legal issues, as similar cases have shown.

• A hacker returned $42 million to GMX in exchange for a $5 million bounty.
• GMX resolved the security bug and assured compensation through its bounty program.
• The incident underscores the risks and potential legal consequences in the crypto world.
• A previous similar case resulted in legal conviction despite agreed fund return.