Binance Hacker's Token Swap Turns $5M PROM into $71 in Ether
A wallet linked to the Binance hacker suffered a massive loss after swapping $5M worth of PROM tokens for just $71 in Ether.
A wallet linked to the Binance hacker suffered a massive loss after swapping $5M worth of PROM tokens for just $71 in Ether. Uniswap (UNI) is trading at ₹692 ($7.28), up 1.0% since this brief published. This is an original Token Times brief synthesising 2 outlets (The Cryptonomist, Finbold), with their figures cross-checked, plus live market data, as of Sun, 01 Nov 2026 13:15:01 UTC.
This incident highlights the risks of executing large transactions in illiquid pools and demonstrates the potential for significant value loss in DeFi markets. It also provides insight into the ongoing challenges faced by the Binance hacker in liquidating stolen assets.
- Wallet linked to $6.3B Binance hack lost $5M in PROM tokens.
- Token swap executed in Uniswap V2 pool with low liquidity.
- Loss occurred due to slippage in nearly empty liquidity pool.
- Uniswap TVL currently $3.63B, down 3.8% over past week.
The Cryptonomist and Finbold both report that a wallet associated with the $6.3 billion Binance hack attempted to convert approximately $5 million worth of PROM tokens into Ether, resulting in a loss of nearly the entire amount. The swap was executed in a Uniswap V2 pool with low liquidity, causing significant slippage. While both outlets agree on the $5 million figure and the outcome, Finbold emphasizes the hacker's history of setbacks, while The Cryptonomist focuses on the technical details of the transaction.
- Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UNI Tokens
- Uniswap Price Drops Despite Bullish Forecast Amid Binance Hacker Sell-Off
- Binance Hacker's Token Swap Turns $5M PROM into $71 in Ether — this brief
A wallet linked to the record-breaking $6.3 billion Binance hack has suffered another significant loss after attempting to swap $5 million worth of PROM tokens for Ether. According to reports from The Cryptonomist and Finbold, the transaction was executed in a 
Uniswap V2 pool with low liquidity, resulting in the hacker receiving only $71 in Ether for the PROM tokens.
The loss occurred due to slippage in the nearly empty liquidity pool, which caused the value of the tokens to plummet during the swap. This incident underscores the risks associated with executing large transactions in illiquid DeFi pools, where even a small trade can significantly impact the price.
The Cryptonomist and Finbold both corroborate the $5 million figure for the initial PROM token value, with The Cryptonomist providing additional details about the Uniswap pool's low liquidity. The incident is part of a larger pattern of the Binance hacker's attempts to liquidate stolen assets, which have often resulted in substantial losses due to market conditions and technical factors.
Uniswap's total value locked (TVL) currently stands at $3.63 billion, according to DeFiLlama, marking a 3.8% decrease over the past week. This context is relevant as it indicates the broader market conditions that may have contributed to the low liquidity in the pool used for the swap.
The broader crypto market remains relatively stable, with a total market cap of $2.68 trillion. 
Bitcoin is up 0.44% in the last 24 hours, while the Fear & Greed index sits at 34, indicating a 'Fear' sentiment. Uniswap's native token, UNI, has seen a 3.78% increase in the past day, reaching $7.21.
Since this brief published about 2 hours ago, Uniswap (UNI) has moved from ₹685.31$7.21 to ₹691.96$7.28 — +0.97%.
The chart plots UNI's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 UNI ≈ ₹761.85 (about $7.28), up 4.5% over 24 hours. The rupee itself trades about 10.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Hacker's Token Swap Turns $5M PROM into $71 in E — questions & answers
Why did the Binance hacker lose so much value in the token swap?
The loss was due to slippage in a Uniswap V2 pool with low liquidity, causing the PROM token value to plummet during the swap.
How much Ether did the hacker receive from the swap?
The hacker received only $71 in Ether for the $5 million worth of PROM tokens.
What is the current state of Uniswap's liquidity?
Uniswap's TVL is $3.63 billion, down 3.8% over the past week.
How much is 1 Uniswap worth in rupee today?
About ₹761.85 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $7.28. The rupee price moves with both UNI's US-dollar price and the USDT/INR rate; use our Uniswap in rupee page for any amount.
Has Uniswap's price moved since this brief was published?
UNI is up 0.97% since this brief first published — trading at ₹692 ($7.28) now versus ₹685 ($7.21) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Cryptonomist, Finbold, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.