SOON Response to Price Flash Crash: Attacker Carefully Orchestrated, Project Team and Liquidity Providers Not Involved in This Event

By: theblockbeats.news|2025/07/10 18:36:53

BlockBeats News, July 10th, SOON issued a statement on X Platform in response to the coin price flash crash event on July 5th. The SOON Foundation stated that the attacker conducted simultaneous withdrawals and cross-CEX selling, and the highly coordinated nature of their actions indicates this was a carefully planned operation. At the same time, the attacker exploited extremely negative funding rates in contract trades to earn huge profits from short positions.

The SOON Foundation clarified that neither the project team nor SOON's official market maker partners, Jump Crypto and Amber Group, participated in any capacity in the July 5th event, and disclosed the holding addresses of all relevant parties.

-- Price

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SOON Response to Price Flash Crash: Attacker Carefully Orchestrated, Project Team and Liquidity Providers Not Involved in This Event

-- Price

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Contents

Popular coins

Latest Crypto News

Brother Maji's trading account lost 4.42 million dollars this week, with a total loss of 75.6 million dollars

Data: The current 8-hour average funding rate for BTC across the entire network is -0.0032%

Data: ETH current average funding rate across the network for 8 hours is -0.0009%

The court ruled to suspend the execution of certain business suspension sanctions imposed by the South Korean regulatory agency on Bithumb

SanDisk fell about 5% in pre-market trading, while Western Digital dropped about 7%