River: Recent price fluctuations are due to organized manipulation; Pts conversion mechanism will be upgraded.

River has issued a statement in response to the recent sharp price fluctuations of River Pts, stating that this was not ordinary market volatility, but rather an organized market manipulation attack targeting the River ecosystem and its Pts conversion mechanism. The project team stated that the attackers created a large number of short positions and launched a concentrated Pts conversion, severely impacting the market. To prevent systemic risks, the team temporarily suspended Pts conversions and implemented market buybacks. The attackers subsequently closed their positions and left the market. The River team is currently upgrading relevant mechanisms and plans to release data and hold an AMA to explain subsequent response plans.