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. The wallet is tied to the Binance hack on October 29, 2026, which reportedly drained approximately $6.3 billion from the exchange’s hot wallets.
According to the research findings, the hacker has been working to liquidate the stolen funds across various blockchains.
The FBI has linked the hack to a North Korean-affiliated group, per the research findings.
This also isn’t the first apparent misstep from the same wallet. Days earlier, it reportedly sent tokens worth approximately $3.3 to $3.5 million to a contract address that is now inaccessible.
Binance moves to steady the ship
On the exchange side, Binance has begun a phased resumption of withdrawals.
Binance has also stated it will cover user losses from its reserves.
What this means
For anyone trading on decentralized exchanges, the PROM dump is a vivid, expensive lesson in liquidity. A token’s quoted market price says nothing about how much of it you can actually sell at that price.
For investigators and exchanges, the hacker’s apparent errors cut in an interesting direction. Every token that gets destroyed in a dead contract or sold into a near-empty pool is value the perpetrators can’t launder.
The stolen funds are scattered across multiple chains. A hacker under pressure to liquidate quickly may keep hitting shallow venues, creating sudden price dislocations for whatever tokens are being dumped.
