INFINIT (IN)

ALTCOIN NEWS for 2nd July:

➤ $IN: InFinit Labs says a single wallet triggered the $IN crash, denying any hack.

➤ $SOL: Solana records a new monthly ATH of 3.77B non-vote transactions.

➤ $DRIFT: Drift Protocol rebrands to VelocityDEX following its exploit.

➤ $DUSD: StandX proposes Community Maker Yield through SIP-5A.

➤ $BP: Backpack secures MiCA and Payment Institution licenses in Latvia.

What the actual fck

77% crash in just 1 day !!! https://t.co/zyDkaAzT1T

Web3 finance AI application INFINIT posted a response to the recent abnormal price swing of the IN token, emphasizing that the INFINIT platform and IN token have not been attacked or suffered security vulnerabilities. The official investigation stated that a certain wallet address (0xd46...eF4B) withdrew tokens from Bitget and Gate, transferred the tokens from Ethereum to BNB Chain via the LayerZero cross‑chain bridge, and subsequently sold them on PancakeSwap. INFINIT indicated that this incident is a market integrity issue rather than a platform security problem, and they are currently working with the relevant exchanges to hold responsible parties accountable. According to CoinGecko data, the IN token fell 41.66% over 24 hours and is now priced at $0.0677. https://t.co/bTiIXHa5Yw