Core Insights - River team reported unusual price fluctuations of River Pts due to organized market manipulation [1] - Attackers established large short positions across multiple exchanges, converting River Pts to RIVER and selling them, leading to liquidity pressure and market panic [1] - To prevent a cascading collapse, the team decided to temporarily suspend Pts redemption and initiate a market buyback to stabilize price and confidence [1] Market Response - Following the suspension, attackers quickly closed their positions, indicating the effectiveness of the measures taken to mitigate risk [1] - River plans to redesign the redemption mechanism, introduce risk control measures, and publicly disclose on-chain and exchange data before resuming redemptions [1] Current Market Status - River Pts is currently priced at $0.01178, with a 24-hour decline of 72.34% [1]