โก๏ธ New: Polyhedra founder confirms the buyback of $ZKJ after its price collapse due to a "financial attack"! ๐ก๏ธ
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๐ Sudden collapse of ZKJ:
Tiansheng Xie, co-founder of Polyhedra, announced that the company will buy back more $ZKJ tokens. This announcement comes after the token's price experienced a significant crash, which Xie described as a "financial attack".
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๐ก Company's response to the crisis:
โ Buyback: Xie confirmed Polyhedra's commitment to buy back tokens to support the price of $ZKJ after the sharp decline.
โ Preventing future attacks: He stated that the company is working to understand the current situation and develop strategies to prevent similar financial attacks in the future.
โ Stability of fundamentals: Polyhedra emphasized that the technical and technological fundamentals of its network remain intact, and that the collapse was a result of manipulation.
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๐ Context of cryptocurrency attacks:
This incident once again highlights the risks faced by cryptocurrency projects from coordinated financial attacks and market manipulations. Polyhedra's reaction with the buyback is a step aimed at restoring the trust of the community and investors after the damage done to the token.
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