defi ·
Binance hacker dumps 2017 token, causing 90% crash in small market
A hacker associated with Binance has offloaded a lesser-known token from 2017.
The sale of FUN, along with other smaller digital assets, occurred into markets incapable of absorbing significant selling pressure.
This concentrated dumping resulted in substantial price depreciation for the affected tokens.
The impact was a crash reaching 90% for these assets.
This incident illustrates the vulnerability present in smaller market ecosystems to large-scale sell-offs.
Such events highlight the fragility of liquidity within less established segments of the decentralized finance landscape.
