Hacker Lost $5M in PROM Tokens Due to Liquidity Pool

An incident involving an erroneous transaction on the Ethereum blockchain, where a cybercriminal lost a significant portion of stolen funds due to a technical error.

Attempt to Sell PROM Tokens Fails

A hacker who previously stole NEWT tokens worth around $3 million made another critical mistake while attempting to liquidate the stolen assets. This time, it involves PROM tokens, valued at approximately $5 million.

Instead of selling the assets on a decentralized exchange or through a proper liquidity pool, the attacker sent a transaction to an empty pool. As a result, the operation yielded only $71 instead of the expected millions of dollars.

Technical Details of the Incident

This mistake is part of a series of failures for cybercriminals attacking crypto exchanges and DeFi protocols. The transaction was recorded on the Ethereum network, allowing for the tracking of fund movements.

• Target Assets: PROM tokens
• Expected Revenue: $5 million
• Actual Revenue: $71
• Cause of Loss: Interaction with an empty liquidity pool

Previous incidents have also been noted in the history of hacks involving the NEWT token, where similar tactics led to partial loss of hackers' funds.