Iron Fish Network Collapse — Inflation Bug Exploit
Iron Fish ($IRON) officially shut down all network support after an inflation bug was exploited via the ChainPort bridge, wiping out effectively the entire market cap.
What we know
Iron Fish announced it is ending all remaining network support after discovering an inflation bug in the wIRON/ChainPort bridge integration — an account on X noted the collapse from a ~$200M market cap to roughly $2K. The incident was amplified across crypto trading — another account on X. Community observers noted a pattern of half-forgotten projects suddenly getting 'hacked,' raising questions about whether some are cover for treasury exits — another account on X.
How the story developed
Iron Fish ($IRON) officially shut down all network support after an inflation bug was exploited via the ChainPort bridge, wiping out effectively the entire market cap.
Multiple crypto websites are under an active coordinated domain attack. Users are warned not to connect wallets to affected sites until confirmed safe.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.