Binance hacker sells 908793 PROM worth 5M for 0.0316 ETH on Uniswap V2

AI Market Summary

A hacker's forced liquidation of 908,793 PROM into a near-empty Uniswap V2 pool yielded only $71, vaporizing roughly $5M of value through slippage. The event is idiosyncratic to PROM, illustrating severe liquidity risk in thin altcoin pools and the hazards of on-chain dumping. Broader market impact is minimal, though it may heighten scrutiny of DeFi liquidity depth and MEV dynamics around large distressed sales.

Impact level

● Low

Affected assets

PROM/USDT+8.75%

AI Insight · PROM/USDTAI Insight

● Neutral

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The Binance hacker sold 908,793 PROM worth about $5 million into a nearly empty Uniswap V2 liquidity pool and received only 0.0316 ETH, roughly $71. The swap turned a $5 million altcoin dump into a tiny Ethereum return.

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