Binance hacker dumps a little-known 2017 token and it crashes 90%
Summary
An exploit involving the Binance platform caused a sharp drop in the value of a lesser-known digital asset. The attacker liquidated the cryptocurrency along with other small tokens on markets that lacked sufficient liquidity, triggering a dramatic ninety percent collapse.
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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