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One of the perpetrators behind the 20-minute, 60,000-crore Binance cyber attack has lost an estimated 47 crore after executing an erroneous decentralised transaction. Crypto transaction records revealed that the individual was attempting to rapidly offload stolen digital holdings when the mistake occurred. The seller deposited 908,793 PROM tokens into an automated market maker pool on the Uniswap V2 platform. The tokens held a combined nominal valuation exceeding 47 crore at the moment of the transfer, but the recipient wallet collected only a fractional return.
Urgent Transfer Dumped into an Depleted Pool
The incident developed as the actor attempted to swap illicit holdings into widely accepted digital currencies without assessing the secondary market conditions. On-chain activity confirmed that the selected Uniswap V2 trading pool contained practically no available liquidity. Decentralised exchanges rely on pre-funded asset reserves deposited by liquidity providers to settle swaps between paired tokens without intermediary order books. When a trade of substantial size is executed against an empty pool, the transaction depletes the minor reserves instantly, triggering extreme slippage that collapses the conversion rate.
A 47-Crore Token Balance Reduced to 6,700
The transaction records confirmed that the execution yielded just 0.0316 Ether for the entire block of 908,793 PROM tokens. The received Ether carried an aggregate market value of roughly 6,700 at prevailing prices. While nominal pricing models indicated that the PROM tokens represented a 47-crore valuation, the absence of corresponding buy orders and pairing assets inside the smart contract meant the transaction wiped out virtually the entire underlying value. Market analysts noted that paper values in thin automated pools do not represent realisable cash balances unless sustained reserves exist to support large exits.
Critical Lapse Following Massive Attack
The severe financial loss stands in contrast to the scale of the initial intrusion against Binance, which saw roughly 60,000 crore worth of digital assets compromised within a span of 20 minutes. Moving stolen digital assets through public decentralised protocols presents acute execution risks, especially when attackers face urgent pressures to obscure or liquidate identifiable funds. The failure to review basic pool liquidity metrics before final execution resulted in an immediate, irreversible loss on the public blockchain, demonstrating that fundamental trading errors can neutralise substantial balances regardless of technical sophistication.
