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Woofun AI reports that the IN token price declined by 43.6% over the past 24 hours, settling at $0.06669. The INFINIT team confirmed that neither the platform nor the token suffered a hack, asserting that all funds remain secure.
The team identified a wallet transferring tokens from Bitget and Gate to a cross-chain address, utilizing LayerZero to bridge from Ethereum to BNB Chain. Approximately 9 million tokens were burned on Ethereum and minted on BNB Chain three minutes later, followed by multiple sell orders on PancakeSwap. INFINIT classified this as a market integrity matter rather than a security flaw and stated it is collaborating with exchanges to pursue accountability.