GoPlus Security 🚦(GoPlusSecurity) Message

At the start of 2026, a real-life scenario unfolded featuring hackers using wash trading to transfer assets, only to be intercepted mid-way by a trader. #GoPlus reminder: set price spread and price spike alerts, pay attention to order book depth, and avoid blindly chasing pumps to prevent losses. Incident overview: 1⃣A suspected Binance market maker account was compromised, but withdrawals were blocked due to risk controls, prompting the attacker to transfer funds via a wash-trading strategy; 2⃣The target was a low-to-medium liquidity MM token, $BROCCOLI714, with aggressive spot buying pushing the price from $0.013 to $0.16, a 1130% surge in a short period; 3⃣Trader and spot holder Vida (@Vida_BWE) detected the abnormal movement in time by setting short-term price spike and spot–futures spread alerts; 4⃣When Binance futures triggered a circuit breaker, Vida used the window to go long, adding approximately $200K in futures long positions around $0.046, and closed positions between $0.11–0.15 to lock in profits; 5⃣After risk controls kicked in and the price collapsed, Vida captured a short opportunity, opening about $400K in futures short positions near $0.065 and closing around $0.02 to further secure gains; 6⃣Vida’s total profit was approximately $1M (including $300K from arbitrage, plus gains from both long and short trades).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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