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

5 hours ago

On July 12th, as monitored by on-chain data analyst Yu Jin, after the GMX hacker returned 10,000 ETH (approximately $30 million) to the GMX team the previous day, the GMX team sold the 10,000 ETH 7 hours ago for 29.597 million USDT. The average selling price was $2,959. This was likely converted into a stablecoin for the next step of returning assets to users.
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