15.7 C
London
Friday, April 4, 2025
HomeNEWSCrypto Trader on Binance Suffers Million-Dollar Loss in Cross-Trading Mishap

Crypto Trader on Binance Suffers Million-Dollar Loss in Cross-Trading Mishap

Date:

Related Stories

XRP Price Approaches Key Level—Will Bulls Avert a Selloff?

XRP Price Struggle ContinuesXRP failed to recover above $2.60 and trimmed all gains. It is now testi...

XRP Faces Pressure Following Ripple’s Transfer of 200 Million Tokens — Here’s the Reason Why.

Ripple Back in the Spotlight as Two Large XRP Transactions Draw Attention Ripple is back in the spo...

Kentucky Becomes the Third State to Withdraw Lawsuit Against Coinbase’s Staking Program

YEREVAN (CoinChapter.com) — Kentucky’s Department of Financial Institutions officially ended its...

Shibarium Exceeds 1 Billion Transactions — However, Shiba Inu (SHIB) Price Falls Below Critical Thresholds

Shiba Inu’s Layer-2 network, Shibarium, has officially crossed the 1 billion transaction.According...

Cardano Founder Charles Hoskinson Critically Attacks Solana Memecoins

YEREVAN (CoinChapter.com) — Charles Hoskinson Calls Out Solana Memecoin Ecosystem Charles Hoski...

The cunning hackers managed to accomplish this feat by acquiring tokens in pairs with great liquidity, such as Tether (USDT), and subsequently executing exaggerated limit sell orders in pairs with limited liquidity, namely Bitcoin (BTC) and USD Coin (USDC). Following this, they ingeniously initiated leveraged positions and obtained a substantial quantity of the desired asset. With their adept maneuvering, they successfully executed a cross-trade, ultimately reaping profits from their shrewd manipulation of prices.

Latest News

LEAVE A REPLY

Please enter your comment!
Please enter your name here