🔴 A harsh lesson in decentralized finance: Hackers lose $5 million in moments! 🔴
In a strange and ironic incident, North Korean hackers fell into a liquidity trap on Uniswap V2!
🕵️♂️ Details: After seizing 908,793 PROM tokens (worth more than $5 million) stored in a Binance hot wallet, the hackers tried to sell them all at once in an almost-empty liquidity pool.
📉 The disastrous result: Massive price slippage nearly wiped out the entire value of the trade. Instead of the millions they expected, they received just 0.0315 ETH, worth only $71.72!
This incident proves that in the world of DeFi, owning the assets isn’t enough—you also need to understand the rules of the game and market mechanics, or the cost will be enormous... even if you’re a professional hacker! 😂
The attached image shows a comparison between “hope” (the value of the stolen assets) and the shocking “reality” after the failed sale, along with the transaction proof.
$BTC $ETH
#DeFi #uniswap #CryptoSecurity #BinanceSquare
In a strange and ironic incident, North Korean hackers fell into a liquidity trap on Uniswap V2!
🕵️♂️ Details: After seizing 908,793 PROM tokens (worth more than $5 million) stored in a Binance hot wallet, the hackers tried to sell them all at once in an almost-empty liquidity pool.
📉 The disastrous result: Massive price slippage nearly wiped out the entire value of the trade. Instead of the millions they expected, they received just 0.0315 ETH, worth only $71.72!
This incident proves that in the world of DeFi, owning the assets isn’t enough—you also need to understand the rules of the game and market mechanics, or the cost will be enormous... even if you’re a professional hacker! 😂
The attached image shows a comparison between “hope” (the value of the stolen assets) and the shocking “reality” after the failed sale, along with the transaction proof.
$BTC $ETH
#DeFi #uniswap #CryptoSecurity #BinanceSquare