Binance hacker dumps a little-known 2017 token and it crashes 90%
Summary
A hacker behind a Binance security breach recently sold off several lesser-known digital assets, including the FUN token. Because the liquidity in these specific markets was extremely low, the sudden and heavy selling pressure caused the token's price to plummet by ninety percent.
The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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