--

[River Responds to Price Volatility: Organized Manipulation, Pts Conversion Mechanism to Be Upgraded] River's official statement indicates that the recent sharp fluctuations in River Pts prices stem from organized market manipulation targeting the River ecosystem and the Pts conversion mechanism. Attackers established a large number of short positions and initiated concentrated Pts conversions, causing severe market disruption. To prevent systemic risks, the team has suspended Pts conversions and implemented market buybacks, after which the attackers quickly closed their positions and exited. Currently, the River team is upgrading the relevant mechanisms and plans to release data and hold an AMA to explain the subsequent response plan.

24/7 Flashes

More >
Today 2025-11-10
07:51

美国政府停摆现转机,参议院推进相关法案

07:48

塞拉利昂与 Sign 合作开发区块链数字身份证及稳定币支付基础设施

07:44

Huma Finance 任命 Jessica Cao 出任亚太区 CEO

07:20

The "1014 High Winning Whale" placed multiple orders and added 3075 ETH worth $111.3 million

07:14

River团队发布说明,回购记录已提供币安及交易所团队