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IN token drops 43.6% after wallet sell-off; INFINIT denies hack

INFINIT's token IN plunged 43.6% in 24 hours. The project confirmed no hack or exploit; a single wallet withdrew tokens from Bitget and Gate, bridged to BNB Chain via LayerZero, and sold on PancakeSwap.

Heat
71
Confidence
95%
Evidence
4
Updated

Why It Happened

A wallet transferred and sold a large quantity of IN tokens, causing a sharp price decline. The project attributes the event to market integrity issues, not platform compromise.

Outcome So Far

IN token price dropped to $0.06669; project is cooperating with exchanges to identify the responsible party.

Actors

Timeline order

Post
Parent event 01

We want to share an update on the irregular $IN price movement and address any concerns about p…

We want to share an update on the irregular $IN price movement and address any concerns about platform security directly. The INFINIT platform and $IN token were NOT compromised in any way. This was not a hack, exploit, or security breach. All funds are safe.…

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Parent event 02

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