CoinVoice has recently learned that SOON responded on platform X regarding the flash crash event of cryptocurrency prices that occurred on July 5. The SOON Foundation stated that the attackers executed synchronized withdrawals and cross-CEX sell-offs, and the high level of coordination in their actions indicates that this was a well-planned operation. At the same time, the attackers made substantial profits from their short positions by taking advantage of the extreme negative funding rates in contract trading.

The SOON Foundation clarified that neither the project team nor SOON's official market-making partners Jump Crypto and Amber Group participated in the events of July 5 in any capacity, and they disclosed the wallet addresses of the relevant parties. [Original link]