TechFlow news — According to an official announcement, Oi! Network, a Web3 social task platform, revealed that on April 8 it suffered a smart contract attack during its Fusion IDO. Upon detecting abnormal fluctuations, the team immediately implemented risk control measures by withdrawing liquidity. Deposits and trading on BTCEX, MEXC, and LBank have been suspended, and the Fusion portal as well as Oi! asset functions are temporarily disabled.
The development team has now identified the vulnerability and will restore network functionality after a comprehensive security audit. All participants in this IDO will receive 100% protection, with unclaimed allocations eligible for full refunds. An incentive program will also be launched to compensate affected users for their losses.