A hacker just lost nearly $5 million in crypto because of one costly mistake.
A wallet linked to the Binance hack attempted to swap 908,793 $PROM tokens, worth around $5 million, on Uniswap V2.
The problem? The hacker sent the tokens into an almost empty liquidity pool.
The result was shocking: the entire swap returned just 0.0316 $ETH , worth roughly $71.
That’s a potential $5 million in tokens exchanged for barely the price of a dinner.
A costly reminder of how liquidity works in DeFi. A token’s market value means very little when the pool cannot support a large trade.
One transaction. One empty pool. Nearly $5 million in value wiped out.
A wallet linked to the Binance hack attempted to swap 908,793 $PROM tokens, worth around $5 million, on Uniswap V2.
The problem? The hacker sent the tokens into an almost empty liquidity pool.
The result was shocking: the entire swap returned just 0.0316 $ETH , worth roughly $71.
That’s a potential $5 million in tokens exchanged for barely the price of a dinner.
A costly reminder of how liquidity works in DeFi. A token’s market value means very little when the pool cannot support a large trade.
One transaction. One empty pool. Nearly $5 million in value wiped out.
