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.
The SOON Foundation responded to the flash crash of coin prices on July 5, stating that the attackers conducted a meticulously planned attack through synchronized withdrawals and cross-CEX selling, profiting from negative interest rates. The foundation emphasized that the team and partners were not involved in the incident and disclosed the related holding addresses.