Stablecoin protocol River has reported significant price volatility in its RIVER token, attributing the fluctuations to a suspected coordinated attack. The attack, which began on November 7, involved large short positions and concentrated Points (Pts) redemptions aimed at destabilizing the River ecosystem. In response, River temporarily halted Pts redemptions and initiated market buybacks to prevent a systemic collapse. Following the intervention, attackers reportedly closed their short positions. River is now focused on upgrading its redemption mechanism and plans to release detailed data on the incident. The team will also conduct an AMA session to discuss future strategies and reassure stakeholders.