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SOON responds to the flash crash of the coin price: the attacker was well-planned, and the project team and market makers did not participate in this incident.
According to BlockBeats news, on July 10, SOON posted a response on the X platform regarding the flash crash of coin prices that occurred on July 5. The SOON Foundation stated that the attackers carried out synchronized withdrawals and cross-CEX selling actions, and the high level of coordination in their actions indicates that this was a well-planned operation. At the same time, the attackers profited significantly from short positions by exploiting the extreme negative interest rates in Futures Trading. The SOON Foundation clarified that the project team and SOON's official market-making partners, Jump Crypto and Amber Group, did not participate in the July 5 incident in any identification, and disclosed the holding addresses of the relevant parties.