👽✌🏻❤️🔥EXPLOIT BINANCE! 💥 User "Ghost" takes advantage of the update to sink the market😨
📅 Timeline of a Forewarned Attack
October 10, 2025, will go down in crypto history. Amid a massive market liquidation, an anonymous user executed a surgical precision attack against Binance. The platform had announced days earlier, on October 6, an update that modified the collateral calculation for tokens like USDe, $WBETH and $BNSOL . This created a window of vulnerability until October 14, a flaw that, according to consultant Torstein Thinn, "everyone could see". 🔍
👤 The Mysterious Attacker
The identity of the operator remains a mystery. Investigators confirm that "it was almost certainly exploiting that vulnerability deliberately," but all of their operations have not been traced. It is unknown whether they had short positions prepared, but their movement was calculated: a massive sale of between $60 and $90 million in $USDE that collapsed the price of this stablecoin from $1 to **$0.65**, unleashing a domino effect of forced liquidations. 💥
💰 The Million-Dollar Response
Binance, without openly acknowledging the "exploit", activated two rescue programs totaling **$683 million**: $400 million for affected clients and an additional $283 million in compensations, in an attempt to calm the waters during one of the worst recent downturns.
💡 Interesting Fact:
USDe, despite functioning as a stablecoin, does not have a 1:1 backing in cash dollars, but instead uses collateral in crypto assets, making it hyper-vulnerable to coordinated operations during times of low liquidity.
