Polyhedra Blames Liquidity Attacks for Sudden 80% Price Drop in ZKJ, Promises Buyback

Description

Polyhedra, a crypto protocol whose company reached unicorn status last year, is promising a buyback plan and additional steps to rebuild trust in the crypto community, days after its token fell more than 80% within minutes. “Now we need to figure out the current situation and we need to prevent future financial attack,” founder Tiancheng Xie wrote in an X post earlier Tuesday.” “We will buy back more,” Xie added. On June 15, ZKJ plunged from roughly $2 to just 32 cents in under an hour, losing n...