The Binance hackers just lost $5 MILLION to their own mistake.
They sold more than 130 altcoins on DEXs, receiving around 123.4K ETH.
Then one swap went terribly wrong:
908K PROM tokens, supposedly worth $5 million, turned into just $72.
THE CAUSE:
An almost empty liquidity pool and insane slippage.
The lesson is simple.
You can be a genius hacker, but the market will still find a way to punish you.
#Binancehacking k #SlippageControl
They sold more than 130 altcoins on DEXs, receiving around 123.4K ETH.
Then one swap went terribly wrong:
908K PROM tokens, supposedly worth $5 million, turned into just $72.
THE CAUSE:
An almost empty liquidity pool and insane slippage.
The lesson is simple.
You can be a genius hacker, but the market will still find a way to punish you.
#Binancehacking k #SlippageControl
