Binance News: Hack of Crypto News Platform Leads to TRUMP Memecoin Pump and Dump

In a recent incident, a crypto news platform was hacked, leading to significant market manipulations and price fluctuations for specific cryptocurrencies.

DB News Account Hack Leads to TRUMP Memecoin Pump and Dump

On March 13, hackers took control of DB, a crypto news platform, and used its X account to spread false information about Donald Trump’s TRUMP memecoin and a fabricated BlackRock ETF filing for Hyperliquid. The misleading posts caused TRUMP’s price to surge by 20% before collapsing, and the fake ETF news led to a 6% price fluctuation for Hyperliquid’s HYPE token. A trader attempted to capitalize on the chaos by withdrawing 504,820 USDC from Binance to buy TRUMP tokens but sold at a loss of $26,820 after the truth emerged. DB deleted the unauthorized posts and advised users to ignore the information shared during the breach.

Bitcoin: Whales Stir Waves on Binance

As Bitcoin threatens $70,000, small investors panic, but large wallets on Binance are gradually halting their sales, hinting that the market storm might soon calm down. Trading volumes remain moderate, indicating hesitation among investors. Since January, Bitcoin’s price has been volatile, but one indicator shows that big fish prefer to hold onto their BTC.