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Wu Shuo has learned that edgeX released an EDGE incident report on June 2, stating that the EDGE price fell from about $1.12 to about $0.32 within approximately 1 hour, before rebounding to around $0.63 to $0.71. edgeX said the incident targeted the EDGE token price; the protocol operated normally throughout, users’ assets were safe, and there was no change to the team’s token distribution. Preliminary analysis indicates the event was related to relatively thin on-chain DEX liquidity, high-leverage perpetual contracts, and CEX liquidity dynamics. edgeX has established a $200,000 USDC on-chain bounty pool, and will provide good-faith compensation to users who sustained actual losses between 04:50 and 06:00 (UTC+8) on June 2 due to EDGE long liquidations or stop-losses, with a maximum of $100,000 USDC per user.