IN Token Plunges 43.6% as Team Denies Hack Amid Cross-Chain Sell-Off
2026-07-01 12:07

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.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
IN
INFINIT
LayerZero
Pancakeswap
Bitget
Gate
Ethereum
BNB Chain
Share:
back