We explained what the script we will encounter when the hacking incident took place. It was just as expected. We announced the last minute of the development that triggered the decline. Now we give the good news of the news that triggers the rise.
GMX Coin Rise
Since there is little alternative in the early days GMX The platform was marked by crypto money markets. Today Hype Coin More than the excitement of the investor we saw for GMX was found. The hacking incident, which we announced as the last minute on July 9, drew the price down more than 25 percent.
However, we mentioned that day that this decline could rapidly reversed with the “damage compensation program” or “with the back of the funds”. In other words, we have mentioned that there is a short opportunity to extend to $ 9.5 while the decline, but that it will reversal at some point and that the $ 13.5 can be re -tested.
Investors who are not insisted on Short and evaluated the bottom with the announcement of a tour by taking a long position. GMX Coin The team just gave the good news and the price increased by more than 15 %. The range of $ 15 and $ 18 can be tested if the enthusiasm in the general market feel continues.
“A security vulnerability was detected in the GMX V1 code base. GMX V1 fork was also informed safely.
In this rescue process, we would like to appreciate the actions of 0xDF3340A436C27655BA62F8281565c9925c3a52221. The possible damage of $ 42 million of GLP owners was prevented.
Following the payment of a $ 5 million prize for the user, the remaining funds are now safely stored in GMX Security Multisig. Those who contributes are working on a distribution plan to be submitted to GMX DAO and will share more information in a short time. ”
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
