PANews reported on June 17 that according to an official announcement from Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that itPANews reported on June 17 that according to an official announcement from Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that it
Polyhedra releases preliminary incident report: The crash was caused by a chain reaction caused by a coordinated liquidity attack on the chain
PANews reported on June 17 that according to an official announcement from Polyhedra, the ZKJ token plummeted by more than 85% on June 15. Preliminary investigations pointed out that it was a chain reaction caused by a coordinated liquidity attack on the chain. Multiple addresses quickly dumped ZKJ after large withdrawals from PancakeSwap, causing an imbalance in the price of the KOGE/ZKJ pool. At the same time, Wintermute transferred a large amount of about 3.39 million ZKJ to the centralized exchange (CEX) in a short period of time, exacerbating the selling pressure. More than $94 million in forced liquidation occurred in CEX, further triggering a waterfall-like decline. Polyhedra said that the team did not sell ZKJ, but only participated in liquidity provision, and will release a more detailed analysis later.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
• Arm will add Nvidia’s NVLink to its Neoverse chips for large AI data centers.
Arm said on Monday that it will start building Nvidia’s NVLink into its Neoverse chips for AI data centers, a move that shows who is teaming up with who in the race to power huge AI workloads. The company said the plan will bring Nvidia’s high‑speed link straight into Arm‑based server chips used by hyperscalers. […]
Share
Cryptopolitan2025/11/18 12:51
Mt. Gox moves $936M in Bitcoin after eight-month dormancy
The post Mt. Gox moves $936M in Bitcoin after eight-month dormancy appeared on BitcoinEthereumNews.com. Key Takeaways Mt. Gox moved $936 million in Bitcoin after eight months of inactivity. The movement relates to the exchange’s ongoing court-supervised creditor repayment process. Mt. Gox, the defunct crypto exchange, moved $936 million worth of Bitcoin today after remaining dormant for eight months. The transfer involved shifting Bitcoin to a new wallet address, marking the first significant activity from the exchange’s holdings since March. The movement comes as Mt. Gox continues its court-supervised creditor repayment process. The rehabilitation trustee has extended the deadline for creditor reimbursements to allow more time for managing Bitcoin distributions. Mt. Gox has been gradually shifting Bitcoin to new addresses as part of its ongoing efforts to repay creditors. The exchange collapsed in 2014 following a massive hack that resulted in the loss of around 850,000 Bitcoin. The latest wallet activity suggests preparations may be underway for additional creditor payments, though the exchange has not disclosed specific timelines for distributions. Mt. Gox began returning funds to creditors in 2024 after years of legal proceedings. This is a developing story. Source: https://cryptobriefing.com/mt-gox-moves-936m-in-bitcoin-after-eight-month-dormancy/
Share
BitcoinEthereumNews2025/11/18 12:58
Two Technical Signals Hinting at a Bitcoin Bear Market
Bitcoin's bear market outlook firms as 80% of key on-chain metrics flash red, with derivatives and options traders betting on more downside.
Share
Coinstats2025/11/18 12:10