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CoinDesk· Omkar Godbole·· 5d ago

Binance Hacker Dumps 2017 Token FUN, Triggering a 90% Price Collapse

Original source: CoinDeskRead original
AI brief

A hacker linked to Binance sold the obscure 2017 token FUN along with other low‑volume tokens into markets that lacked sufficient depth to absorb the large sell order. The sudden influx of supply caused the price of FUN to plummet more than 90%. The incident highlights how even small, illiquid tokens can be vulnerable to manipulation when large holders or attackers move significant amounts of capital.

Source: CoinDesk · coindesk.com

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