GMX (GMX) has risen 17.20% in the last 24 hours.

Gate News Bot news, September 24, according to CoinMarketCap data, as of the time of writing, GMX (GMX) is currently priced at $17.26, rising 17.20% in the last 24 hours, with a high of $17.31 and a low of $14.06. The 24-hour volume reached $75.7 million. The current market capitalization is approximately $178 million, an increase of $26.1 million compared to yesterday.

Important recent news about GMX:

1️⃣ 42 million USD hacker attack incident On September 8, the decentralized perpetual exchange GMX was attacked by hackers, resulting in approximately $42 million in funds being stolen. The GMX team quickly responded by offering a 10% bounty to white-hat hackers to encourage them to return the stolen funds.

2️⃣ Hackers Begin to Return Stolen Funds Shortly after the attack incident, the hackers began to return the stolen funds. This action led to a significant rise of 14% in the price of GMX tokens, reflecting the market's optimistic sentiment towards the positive developments of the event.

3️⃣ 44 million dollar compensation plan announced In response to the losses caused by the hacking attack, the GMX team announced a $44 million compensation plan. This initiative aims to compensate users for their losses, rebuild community confidence, and may be an important driving factor behind the recent rise in GMX prices.

The announcement of GMX's rapid response measures and compensation plan demonstrates the project team's crisis management capabilities and their emphasis on user interests. These factors may have jointly driven the significant price rise of GMX in the past 24 hours. However, recent security incidents have also highlighted the potential risks faced by decentralized finance projects.

This message is not an investment advice; investors should be aware of market volatility risks.