Binance hacker just burned $45M in slippage trying to dump 325M $USDT into $ETH before the freeze hit
Avg execution: $2,657 per $ETH
Binance spot at same time: $2,300
Uniswap USDT pool briefly spiked to $3,487 in a single block
Someone made absolute bank on the other side of that trade. Peak degen panic exit turned into generational wealth for whoever was providing liquidity or had limit orders sitting there.
This is what desperation looks like on-chain when you're racing Tether's blacklist function.
Avg execution: $2,657 per $ETH
Binance spot at same time: $2,300
Uniswap USDT pool briefly spiked to $3,487 in a single block
Someone made absolute bank on the other side of that trade. Peak degen panic exit turned into generational wealth for whoever was providing liquidity or had limit orders sitting there.
This is what desperation looks like on-chain when you're racing Tether's blacklist function.
