Market sources cited by COINOTAG point to a suspected breach affecting a Binance market‑making account, prompting investigators to review access logs and fund flows to assess potential security gaps and unauthorized activity on centralized venues.
In the early session, roughly $10‑$20 million in the compromised balance were deployed to push BROCCOLI714 on the spot market, triggering an intraday surge of about 1130%—from $0.013 to $0.16—before a sharp unwind back toward $0.012 within 15 minutes, with quotes around $0.017 currently.
The incident underscores ongoing crypto market volatility and the need for robust risk controls, with exchanges and market makers urged to provide timely disclosures and strengthen monitoring to deter market manipulation and protect investors.
Source: https://en.coinotag.com/breakingnews/broccoli714-surges-on-binance-after-market-maker-hack-triggers-1130-price-spike-and-sudden-dump
