Binance Hacker Dumps 2017 FUN Token, Triggering 90% Price Collapse
Current overview (not historical)
A hacker who gained access to Binance’s wallet dumped the 2017 token FUN, along with several other low‑liquidity tokens, into the market. The sudden influx of sell orders overwhelmed the shallow order books, causing the prices of these tokens to plummet. Individual tokens lost more than 90% of their value in a matter of minutes. The incident highlights the vulnerability of small‑cap assets on major exchanges. While larger cryptocurrencies can absorb large trades without significant price swings, tokens like FUN lack sufficient depth, making them highly susceptible to manipulation and abrupt crashes. Binance has since taken steps to investigate the breach and strengthen its security protocols.
Written with AI from the reporting · updated 10/30/2026
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- 1Unclassified fact stationOct 30, 00:00recorded Oct 30, 15:58single source
Binance hacker dumps a little-known 2017 token and it crashe
Read original source ↗ CoinDeskReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- hacker
- Action：
- dumped
- Object：
- FUN and other smaller tokens
- Occurred (fact side)：
- Oct 30, 00:00
- Published (valid side)：
- Oct 30, 15:54
- First seen (known side)：
- Oct 30, 15:58
Fact stationSingle source · one-sided claimCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CoinDeskRelated fact: single sourceBinance Hacker Dumps 2017 Token FUN, Triggering a 90% Price Collapse
Report first recorded Oct 30, 15:58
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.
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Event activity trend
- Latest comparable
- 3
- Comparable peak
- 10Oct 30, 17:00
- 24h change
- -49%
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