Binance Hack Suspect Sells $5M of PROM for About $71 on Uniswap V2

A wallet connected to the Binance hack sold 908,793 $PROM-0.08% tokens on Uniswap V2 for about 0.0316 Ether, worth roughly $71. Before the sale, the tokens were valued at approximately $5 million.

The trade took place around October 31, 2026. The pool used for the swap held very little Ether, so it had almost no capacity to absorb a sale of that size. On Uniswap, a pool sets prices from the ratio of tokens it holds, so each unit sold pushed the price lower. In this case the slippage was extreme, leaving the seller with only a tiny fraction of the position's paper value.

The Binance hack and the wallet's activity

The wallet is tied to the October 29, 2026 hack that reportedly drained about $6.3 billion from Binance's hot wallets. Researchers reported that the wallet has been moving to liquidate the stolen funds across several blockchains.

This was not the first questionable move from the same address. Days earlier, it reportedly sent tokens worth about $3.3 to $3.5 million to a contract address that is no longer accessible. The FBI has linked the hack to a North Korean-affiliated group.

Exchange response and market reaction

Binance has started a phased resumption of withdrawals and has said it will cover user losses from its reserves.

$PROM-0.08% was trading at about $5.62 at the time of reporting, up 4.56% over 24 hours and 3.71% over seven days, with 24-hour trading volume of about $20.8 million. The current price does not reflect the execution received in the October sale, which underscores that a quoted market price says little about how much of a token can be sold at that level.

For traders on decentralized exchanges, the episode is a clear reminder to check pool depth before large trades. For investigators, the losses from poorly executed sales can also reduce the value available to the people moving the funds.