Binance hacker dumps a little-known 2017 token and it crashes 90%
The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.
This story was originally published by CoinDesk.
More Regulation News
Regulation
Live News: Binance hack rattles crypto as Intel plunges and AI spending fears hit tech
A $6.3 billion Binance hack adds to crypto jitters, while weak earnings outlooks and mounting concerns over AI spending push QQQ down more than 2%.
Regulation
Binance Hit by a $6.3B Security Nightmare: Nikita Bier Mocks CZ, While ZachXBT Spots a Bigger Threat
The Binance hack has given the crypto industry one of those moments when the memes, the money, and the uncomfortable questions all arrive at once. Nikita Bier, X’s former head of product, didn’t hold…
Regulation
Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor
Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.
Regulation
$7,500 Abruptly Drained From a Florida Couple’s Wells Fargo Account After Criminals Impersonating Her Bank Call Her
Scammers posing as Wells Fargo’s fraud department have taken more than $7,500 from a couple after convincing them to read back verification codes sent to their phone. Carmen Evans says the caller ID…
Regulation
Could Binance’s $6.3B hack trigger a wider crypto sell-off?
Binance is looking into a security breach that is estimated to have caused losses of $6.3 billion. It has frozen around $3 billion in assets and has stopped its users from making deposits and…
Regulation
North Korea’s TraderTraitor linked to $6.3B Binance hack
TRM Labs says it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.