According to Mars Finance, the stablecoin protocol River stated on platform X that in the past few days, the price of RIVER has experienced extreme fluctuations. This incident is not an ordinary market fluctuation. It is an organized and premeditated attack, specifically targeting the River ecosystem and its River points (Pts) exchange mechanism. Malicious short sellers implemented coordinated market manipulation against $RIVER through large short orders and concentrated exchanges of River points. To prevent systemic collapse, the team temporarily suspended point exchanges and executed market buyback operations. After the suspension of exchanges, the attackers quickly closed their short orders. We are upgrading the mechanism, disclosing data, and will hold an AMA session to share our subsequent plans with everyone.
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