Back to news
Safety
Binance Hacker Sells Obscure 2017 Token, Causing 90% Price Drop
(3 hours ago) · 1 source · Summarized by CryptoBipto
A wallet linked to a Binance hack reportedly sold a large amount of a little-known token originally launched in 2017, causing its price to crash by approximately 90%. The sudden sell-off highlights the risks associated with illiquid tokens and the lingering effects of past security breaches.
WHY IT MATTERS
When someone steals cryptocurrency, the stolen coins do not disappear.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- coindesk.com
RELATED
Binance HackToken LiquidityStolen Crypto AssetsMarket Impact