Urgent Alert: Bithumb Designates GMX a Closely Monitored Asset After Security Incident

Key Points

1. Bithumb flagged GMX as a closely monitored asset following a confirmed security incident, though details remain undisclosed.

2. The security incident involves a 'hacking' event affecting either the project team’s wallet or the underlying distributed ledger.

3. GMX holders on Bithumb should be cautious as the designation could influence the token's market performance across exchanges.

4. The situation highlights the broader issue of security in crypto exchanges and the need for vigilance among investors.

5. Exchanges like Bithumb classify assets based on risk, with 'closely monitored' status indicating identified issues and potential further action.