According to Odaily Planet Daily, Songshu (@imsongshu), a member of the Swarms Foundation, responded to Swarms' accusations by stating that when his Swarms token holdings were worth $30 million at their peak, he had transferred these tokens to the foundation and had never sold them. The team demanded SSI's 10% platform fee but failed, so they launched the attack.

Earlier news, swarms issued a statement saying that SongShu Swarms deceived investors and attempted to manipulate the swarms market.