Recently, the price of Sonic ($S) has experienced a free fall, attracting widespread attention in the market. Investigations show that this big dump is primarily due to a hacker attack on an Iranian digital asset exchange, resulting in a massive withdrawal of funds from the exchange, which has led to panic spreading in the market.

This type of security incident once again highlights the vulnerability of the cryptocurrency market. Hacker attacks on exchanges have become a common risk in the digital asset space, which not only directly harms the rights and interests of platform users but can also trigger broader market chain reactions.
However, market fluctuations often contain duality. Some analyses suggest that the current price level of Sonic after a big dump may provide potential value entry points for investors. However, it should be noted that any investment decisions should be based on thorough risk assessment while the market's panic sentiment has not fully dissipated.
This incident also reminds us that the construction of security infrastructure in the crypto asset ecosystem still has a long way to go, and the security protection capabilities of trading platforms directly affect the healthy development of the entire market.