DeFi platform airdrop system failure triggers chain reaction, token drops nearly 80% in 24 hours

【ChainWen】An unexpected malfunction disrupted the airdrop plan of a certain DeFi smart agent platform. On December 12th, the platform announced that during the airdrop process, it encountered a double blow of operational errors and DDoS attacks, severely hindering the claiming process. The claiming function, originally scheduled to open at 12:15 UTC, was forced to be delayed until 12:35, a full 20-minute postponement.

Even more troublesome, approximately 1,100 users encountered a “PENDING” status when creating wallets, unable to proceed for a long time. Fortunately, the team responded quickly, restoring the system, clearing the lag, and confirming that user assets remained intact.

But the market’s reaction was much harsher. Due to the chain reaction caused by this technical failure, the platform’s token experienced a “plunge” in the past 24 hours—price plummeted by about 80%, currently hovering around $0.034.

It is worth mentioning that this platform had recently completed a $8.45 million funding round, supported by several well-known investment institutions. This malfunction undoubtedly dealt a heavy blow to the confidence of many investors and users.