A Multi-Million Dollar Mistake by Hackers Linked to the Binance Breach!
In a remarkable incident during an attempt to liquidate stolen assets, the attacker sold 908,793 $PROM tokens, estimated to be worth nearly $5 million, through an almost empty liquidity pool on Uniswap V2.
The result? The attacker received just 0.0316 ETH, worth approximately $71!
This happened due to insufficient liquidity and extreme slippage, as the pool simply could not absorb such a large sell order.
The key lesson: Market value on paper does not mean you can sell an asset at that price. Liquidity determines the actual value you can execute.
Now, every transaction left behind by the attacker on the blockchain could become another valuable clue in tracking the stolen funds.
#Binance #PROM #Uniswap #CryptoSecurity
In a remarkable incident during an attempt to liquidate stolen assets, the attacker sold 908,793 $PROM tokens, estimated to be worth nearly $5 million, through an almost empty liquidity pool on Uniswap V2.
The result? The attacker received just 0.0316 ETH, worth approximately $71!
This happened due to insufficient liquidity and extreme slippage, as the pool simply could not absorb such a large sell order.
The key lesson: Market value on paper does not mean you can sell an asset at that price. Liquidity determines the actual value you can execute.
Now, every transaction left behind by the attacker on the blockchain could become another valuable clue in tracking the stolen funds.
#Binance #PROM #Uniswap #CryptoSecurity
