Hypo dissolves unreacted AgBr of the photographic film by following reaction
AgBr+2S2O2−3⟶[Ag(S2O3)2]3−+Br−
The fixer stabilises the image, removing the unexposed silver halide remaining on the photographic paper, leaving behind the reduced metallic silver that forms the image.
The reaction involved:
AgBr+2S2O3−2⟶[Ag(S2O3)2]−3+Br−