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The H Token has been experiencing continuous minting and selling pressure for 13 hours, depleting the liquidity on the BSC chain.
  • BNB0%
  • ETH0%

BlockBeats News, June 9th. According to EmberCN monitoring, due to a suspected "private key leak" incident, abnormal minting and dumping behavior of the H token on the BSC chain has been ongoing for approximately 13 hours. The attacker is still able to mint new tokens and continuously sell off. The address has minted about 300 million H tokens in total and has liquidated about 450 million H tokens through sales, receiving approximately $34 million in assets (ETH + BNB).

Currently, related liquidity pools on the BSC chain have been drained, leaving only about $13 in liquidity. As a result, the price of H has plummeted by about 99.9%, dropping to around $0.0009; however, the price on centralized exchange perpetual contract markets remains around $0.09, resulting in a price difference of about 100 times and causing a severe disanchored state.

Source: BlockBeats

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