Binance hacker dumps a little-known 2017 token and it crashes 90%

A hacker associated with Binance has sold off a lesser-known token from 2017, causing it to plummet by 90%.

The individual liquidated FUN and several other minor tokens.

These sales were executed into markets that lacked the capacity to absorb substantial selling pressure.

This action directly resulted in the price collapses observed across these assets.

Earlier coverage

• Binance hack could accelerate shift to DEXs: Standard Chartered Oct 30