conv.

All stories
BusinessQuiet 13d · day 15

Binance hacker dumps 2017 token, crashes price 90%

Attacker liquidates FUN and smaller tokens into illiquid markets, triggering sharp price collapse.

newest coverage 13d agosummary written 13d ago2 pieces Newswires

What to know

  • A Binance hacker liquidated FUN, a 2017-era token, causing a 90% price crash by dumping into illiquid markets.
  • The attack targeted smaller tokens with insufficient trading depth to absorb large sell orders.
  • Onchain monitoring detected sharp acceleration in flows from the hacker's contract address on October 31.

“The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.”

CoinDesk · CoinDesk ↗

Binance hacker Attacker

Binance hacker dumps 2017 token, crashes price 90%
blockchain.news

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 1 piece in 4h at Oct 30, 3 AM; 2 pieces over 15 days (2 articles) Oct 30, 3 AM — 1 piece · 1 article — Newswires 1Oct 30, 7 AM — quietOct 30, 11 AM — quietOct 30, 3 PM — quietOct 30, 7 PM — quietOct 30, 11 PM — quietOct 31, 3 AM — quietOct 31, 7 AM — quietOct 31, 11 AM — 1 piece · 1 article — Newswires 1Oct 31, 3 PM — quietOct 31, 7 PM — quietOct 31, 11 PM — quietNov 1, 2 AM — quietNov 1, 6 AM — quietNov 1, 10 AM — quietNov 1, 2 PM — quietNov 1, 6 PM — quietNov 1, 10 PM — quietNov 2, 2 AM — quietNov 2, 6 AM — quietNov 2, 10 AM — quietNov 2, 2 PM — quietNov 2, 6 PM — quietNov 2, 10 PM — quietNov 3, 2 AM — quietNov 3, 6 AM — quietNov 3, 10 AM — quietNov 3, 2 PM — quietNov 3, 6 PM — quietNov 3, 10 PM — quietNov 4, 2 AM — quietNov 4, 6 AM — quietNov 4, 10 AM — quietNov 4, 2 PM — quietNov 4, 6 PM — quietNov 4, 10 PM — quietNov 5, 2 AM — quietNov 5, 6 AM — quietNov 5, 10 AM — quietNov 5, 2 PM — quietNov 5, 6 PM — quietNov 5, 10 PM — quietNov 6, 2 AM — quietNov 6, 6 AM — quietNov 6, 10 AM — quietNov 6, 2 PM — quietNov 6, 6 PM — quietNov 6, 10 PM — quietNov 7, 2 AM — quietNov 7, 6 AM — quietNov 7, 10 AM — quietNov 7, 2 PM — quietNov 7, 6 PM — quietNov 7, 10 PM — quietNov 8, 2 AM — quietNov 8, 6 AM — quietNov 8, 10 AM — quietNov 8, 2 PM — quietNov 8, 6 PM — quietNov 8, 10 PM — quietNov 9, 2 AM — quietNov 9, 6 AM — quietNov 9, 10 AM — quietNov 9, 2 PM — quietNov 9, 6 PM — quietNov 9, 10 PM — quietNov 10, 2 AM — quietNov 10, 6 AM — quietNov 10, 10 AM — quietNov 10, 2 PM — quietNov 10, 6 PM — quietNov 10, 10 PM — quietNov 11, 2 AM — quietNov 11, 6 AM — quietNov 11, 10 AM — quietNov 11, 2 PM — quietNov 11, 6 PM — quietNov 11, 10 PM — quietYesterday, 2 AM — quietYesterday, 6 AM — quietYesterday, 10 AM — quietYesterday, 2 PM — quietYesterday, 6 PM — quietYesterday, 10 PM — quietToday, 2 AM — quietToday, 6 AM — quietToday, 10 AM — quietToday, 2 PM — quietToday, 6 PM — quiet 12
Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10now · 10:05 PM ET
  1. 2

    Onchain analysis confirms sharp liquidation activity

    Blockchain monitoring shows accelerated onchain flows matching the token dump from contract address 0x419d0d8bdd9af5e606ae2232ed285aff190e711b, documenting the hacker's movement of assets.

    “Binance hacker dumped a small-cap token launched in 2017, sending its price 90 percent lower.”
    — Blockchain.News · source
    1. 1 outlet Binance Hacker: Dumps 2017 Token, Crashes 90%

      first by Blockchain.News, 13d ago

  2. 1

    Binance hacker dumps FUN token into illiquid markets

    The hacker liquidated FUN and other small-cap tokens from the 2017 era into markets with insufficient depth to absorb large selling pressure, triggering a 90% price crash.

    1. 1 outlet first by CoinDesk, 14d ago · read ↗