Binance hacker sells 908,793 PROM worth $5M for $71 on Uniswap V2

A wallet tied to the Binance hack reportedly dumped roughly $5 million in PROM into a nearly empty pool and got back 0.0316 ETH A wallet connected to the Binance hack reportedly sold 908,793 PROM tokens for about $71 in ETH. Before the sale, those same tokens carried a market value of approximately $5 million. A $5 million trade that returned pocket change The sale took place on Uniswap V2 around October 31, 2026, according to the research findings. The wallet received 0.0316 ETH for the full PROM bag, worth approximately $71. The problem was the venue. The Uniswap V2 pool used for the trade was nearly empty, meaning very little ETH sat on the other side to absorb a sell of that size. On Uniswap, the pool itself sets the price based on the ratio of tokens it holds. Dump a huge amount of one token into a shallow pool, and the price of that token craters with every unit you sell. Traders call that gap between the expected price and the actual fill slippage. In this case, the slippage was extreme. A position valued at approximately $5 million came back as roughly $14 for every million dollars of paper value. Part of a much larger liquidation effort The PROM sale doesn’t stand alone. T...