River suspended Pts-to-RIVER conversions after a sudden 70% plunge in River Pts, citing coordinated short-selling and preparing a mechanism upgrade to mitigate systemic risk.
On November 9, River suspended its Pts-to-RIVER token conversion following an over 70% drop in River Pts within a single day, attributed to an organized short-selling attack. The measure is intended to prevent systemic risk while the team works on upgrading the conversion mechanism. Users expressed criticism over altering rules mid-conversion window, reflecting community concern amid market disruption.