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[River Claims RIVER Price Volatility is a Premeditated Attack, Suspends Points Redemption and Upgrades Mechanism] Stablecoin protocol River stated on the X platform that since November 7, the RIVER price has experienced extreme volatility, which was not caused by ordinary market fluctuations but by an organized attack targeting its ecosystem and the River Points (Pts) redemption mechanism. The attackers engaged in market manipulation through large short positions and concentrated points redemptions. To prevent systemic risks, the team has suspended points redemption and initiated market buybacks. After the suspension of redemptions, the attackers quickly closed their short positions. The official announcement stated that they are upgrading the mechanism, releasing data, and planning to host an AMA event to share their future plans.

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