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The GMX team sold 10,000 ETH 7 hours ago, possibly to refund users.

By: theblockbeats.news|2025/07/12 01:21:59

BlockBeats News, July 12th, according to on-chain data analyst Yu Jin's monitoring, after the GMX hacker returned 10,000 ETH (approximately $30 million) to the GMX team yesterday, the GMX team sold the 10,000 ETH for 29.597 million USDT 7 hours ago, with a selling average price of $2,959. This was likely converted to a stablecoin for the next step of returning assets to users.

An address created two hours ago withdrew 16,773 ETH from FalconX

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