Binance Hacker Dumps Little-Known 2017 Token FUN, Causing 90% Crash

The hacker behind the recent Binance breach has moved to liquidate stolen assets, dumping the little-known FUN token, a cryptocurrency launched in 2017. The sale flooded markets with supply far exceeding demand, causing FUN's price to plummet by 90%. The token's thin liquidity made it an easy target, as even moderate sell pressure overwhelmed available buy orders. This move is part of a broader strategy by the hacker to offload smaller, less liquid tokens that are difficult to trace and even harder to sell without crashing the market. Other minor tokens from the hack have also seen sharp declines, suggesting the attacker is systematically converting them into more liquid assets like Bitcoin or Ethereum. The incident highlights the vulnerability of low-volume cryptocurrencies to manipulation and dumping, raising concerns among investors about the safety of holding such assets. As the hacker continues to offload stolen funds, markets brace for further volatility, and exchanges are urged to increase monitoring of suspicious trading activity.