Injective completed an accelerated network upgrade on August 31 after an exploit affected a limited number of ecosystem applications running binary options markets. Co-founder Eric Chen and an official September 1 statement said the episode was an upgrade rather than a halt: the Injective blockchain, consensus mechanism, native INJ token, user funds and staked assets remained secure, and the chain continued processing transactions. Some validators were temporarily jailed for missing the upgrade window, while exchanges briefly paused deposits and withdrawals during node updates. A subsequent transfer guide said Binance withdrawals were briefly unavailable amid reports of a temporary September 1, 2026 network pause, underscoring the need to verify network status, use an Injective address beginning with inj and conduct a small test transfer. Separately, Injective Institutional Services received U.S. Securities and Exchange Commission registration as a transfer agent on August 19.