Polyhedra outlines response after financial attack
Description
On June 15, 2025, Polyhedra’s ZKJ token plunged over 80%, likely triggered by coordinated liquidity attacks and large sell-offs. The drop erased $500M in value. Co-founder Tiancheng Xie responded with token buybacks and a $30M liquidity boost. The team is investigating and aims to strengthen defenses.
Publish date
June 17, 2025