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GMX project team sells 10,000 ETH 7 hours ago, possibly for asset refunds to users

Summary: According to on-chain data analyst Yu Jin, after the GMX hacker returned 10,000 ETH (approximately $30 million) to the GMX project team yesterday, the GMX project team sold the 10,000 ETH 7 hours ago for 29.597 million USDT at an average selling price of $2959. It is speculated that the ETH was converted to stablecoins ...

According to on-chain data analyst Yu Jin, after the GMX hacker returned 10,000 ETH (approximately $30 million) to the GMX project team yesterday, the GMX project team sold the 10,000 ETH 7 hours ago for 29.597 million USDT at an average selling price of $2959. It is speculated that the ETH was converted to stablecoins for the purpose of refunding assets to users.

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