Polyhedra Network pointed out that its ZKJ token plummeted by over 80% within a few hours on June 15, mainly due to a coordinated on-chain liquidity attack and a large token deposit by the major crypto market maker Wintermute. Preliminary investigations revealed a significant amount of token transfers, causing severe price volatility.

<p><img>Polyhedra Network claims that the dramatic collapse of its ZKJ token, which fell more than 80% over a few hours on June 15, was primarily caused by a coordinated onchain liquidity attack and significant token deposits by major crypto market maker Wintermute. “The initial investigation highlights substantial token transfers by ...</p>
<p>The post <a href="https://unchainedcrypto.com/polyhedra-blames-onchain-liquidity-attack-wintermute-deposits-for-zkj-crash/">Polyhedra Blames Onchain Liquidity Attack, Wintermute Deposits for ZKJ Crash</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.</p>

Polyhedra Accuses On-Chain Liquidity Attack and Wintermute Deposits for ZKJ Price Crash