A post by @lookonchain on X.

The Binance hacker made a costly error while laundering stolen funds, dumping 908,793 PROM tokens (worth roughly $5 million) into a nearly empty Uniswap V2 liquidity pool and receiving just 0.0316 ETH, about $71, in return, according to on-chain analyst Lookonchain. The trade, executed on Ethereum-based decentralized exchange Uniswap's V2 protocol, effectively torched the tokens' value because the pool lacked sufficient liquidity to absorb the sale. The incident highlights the operational risks hackers face when offloading large stolen altcoin positions through thin on-chain liquidity rather than centralized venues with deeper order books. It also underscores persistent security concerns around Binance following the exploit, with stolen funds continuing to move across chains and DEXs. Watch for whether the hacker attempts to route remaining stolen assets through other liquidity pools or bridges, and whether Binance or security firms move to freeze or blacklist the associated wallets.