Last year, a man behind a $110 million theft from defunct crypto platform Mango Markets was convicted in federal court despite having negotiated with the platform to return the funds. The person behind the theft began transferring the funds in $5 million chunks, according to several blockchain security companies, eventually transferring about $40.5 million worth of cryptocurrency to GMX accounts. In a message on the blockchain, the unidentified hacker wrote: “ok, funds will be returned later,” and on Friday GMX confirmed that the company had exchanged the bounty for the stolen funds. The person behind a $42 million theft from decentralized exchange GMX has returned the stolen cryptocurrency in exchange for a $5 million bounty. The hacker, Avraham Eisenberg, eventually refunded $67 million in exchange for an agreement that Mango Markets would not go to the police. A judge is still mulling a potential retrial on the charges related to Mango Markets but Eisenberg was sentenced in May to 52 months in prison for a separate charge of possession of child sexual abuse material. After the theft came to light on Wednesday, GMX promised the hacker not to pursue litigation if the funds were returned. The funds were split into 10,000 ETH, worth about $30 million, and $10.5 million worth of the FRAX coin.
This Cyber News was published on therecord.media. Publication date: Fri, 11 Jul 2025 17:35:14 +0000