Injective Completes Upgrade After App Exploit, SEC Transfer Agent Status Confirmed
Injective (INJ)
Editor:
Eugene Serbin
Cryptotimes.io reports that Injective contributors finalized an accelerated network upgrade on August 31 following an exploit affecting binary options applications. The protocol confirmed that the blockchain, consensus mechanism, and native INJ token remained secure throughout the process. User funds and staked assets were not compromised, and the chain continued to process transactions during the rollout.
The attack vector was contained and patched, with Injective clarifying that the network did not halt but underwent a necessary upgrade. Some validators were temporarily jailed for failing to complete the process within the required time window, causing a short-term decline in displayed network stake. Exchanges paused deposits and withdrawals while updating their nodes, but no staked INJ was lost.
Injective is introducing enhanced invariants and real-time monitoring to detect unusual activity earlier. In a separate development, Injective Institutional Services received SEC registration as a transfer agent on August 19. This registration allows the entity to maintain official records of securities ownership for tokenized assets. As of September 1, the network is fully operational and restrictions are being lifted.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 1 September 2026. Not the outlet's figures.
INJ is trading at $4.93 with a 24-hour spot volume of $6,301,560. The 24-hour buy ratio stands at 54.6%, indicating that buyers controlled the majority of volume over the full day. However, the 1-hour buy ratio dropped to 29.8% and the 4-hour ratio to 35.4%, showing that buying pressure has faded significantly in the immediate term. The 24-hour volume delta is positive at +$574,636, meaning net buying exceeded net selling over the day. In contrast, the 1-hour volume delta is -$131,602 and the 4-hour delta is -$376,608, reflecting recent net selling. Cumulative Volume Delta closed at -$1,679,742, suggesting that despite the higher buy ratio, the size of sell orders was larger than buy orders over the period.
The latest daily buy ratio of 44.2% sits at the 8th percentile of the last 281 days, against a median of 49.7% - among the weakest buying days it has had.
Twenty-four hours later
What INJ did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.3%, making today's 24-hour ratio of 54.6% an unusual day with 6.3 points more buying than average. Weekly volume was 0.69x the average, indicating lower-than-normal activity. The coin has declined 13.4% over the past 8 days, with a total volume delta of -$327,204 for the week. Only 3 of the 7 days saw net buying, contrasting with today's majority buy ratio. This suggests that while today was a relative bright spot for buying ratio, the broader weekly trend remains bearish with net outflows.