A Binance market maker account was hacked, manipulating $BROCCOLI’s price, triggering a 1,000% surge, and a trader profited $1M.
A recent breach of a Binance market maker account has raised security concerns. A hacker used this access to manipulate the price of $BROCCOLI, a low-liquidity token.
The hacker aimed to move stolen funds by causing an artificial price surge. Interestingly, a trader named Vida managed to profit $1 million by capitalizing on the situation.
This incident highlights vulnerabilities in exchange security and how quick traders can profit from market manipulation.
Hacker Exploits Binance Market Maker Account
The attack began when the hacker gained control of a market maker account on Binance.
This allowed them to make large spot purchases of $BROCCOLI with stolen funds.
The hacker also opened leveraged long positions in perpetual contracts, amplifying the market’s price surge. The goal was to trigger a short squeeze and cause a rapid price increase.
Binance’s market maker accounts hold a significant amount of $BROCCOLI’s total supply. This concentration of supply made it easier for the hacker to manipulate the token’s price.
With control over much of the available supply, the hacker could push the price up by executing large trades.
This move forced liquidations in short positions, further driving up the price.
Today $BROCCOLI collapsed after a highly coordinated manipulation🚨
I will show you how this was a technical exploit using a hacked Binance market maker account
Timeline of the event (UTC)
00:00–19:00 – Price stable around $0.012–$0.014
20:00 – Sudden pump begins
20:00–21:00 –… pic.twitter.com/P1ZInYvTEz— StarPlatinum (@StarPlatinum_) December 31, 2025
Around 8:00 PM UTC, the price of $BROCCOLI spiked dramatically, rising nearly 1,000% within an hour.
The price surged from $0.0124 to $0.1339 before suddenly dropping. The token’s price quickly fell by 84%, returning to $0.021 in just 15 minutes.
This sharp decline indicated the end of the manipulated price surge.
Trader Takes Advantage of Manipulation
While the hacker manipulated the market, a trader named Vida quickly noticed the unusual price activity.
Vida had set up price alerts for abnormal movements, including sudden surges in token prices.
Upon receiving an alert about the price spike, Vida opened long positions, expecting further price growth. This quick response allowed Vida to capitalize on the price rise caused by the hacker’s actions.
It appears a hacker gained control of a market maker’s accounts on Binance and attempted to move stolen funds by manipulating $BROCCOLI(714).
Smart trader Vida(@Vida_BWE) managed to profit $1M from the hacker’s operation.
What happened? ⬇️
About 8 hours ago, a hacker gained… pic.twitter.com/mjZ0jjyrJw
— Lookonchain (@lookonchain) January 1, 2026
As the price surged, Vida closely monitored the market for signs of a reversal. When the hacker’s large buy orders began disappearing, Vida noticed a key signal.
This indicated that Binance’s risk control team had likely intervened to limit the manipulation. Recognizing this, Vida closed the long positions and switched to short positions at the right moment.
By acting fast, Vida made a profit of $1 million from this brief period of manipulation. The ability to read the order book and recognize when to exit positions was crucial.
This case shows how alert systems and quick execution can help traders navigate volatile market conditions.
Related Reading: Analysing the Trust Wallet Hacker Wallet: Holding Over $4 Million With $1.5 Million in ETH and $1.4 Million in BTC
Binance Response and Future Considerations
Following the manipulation, Binance’s risk control team likely stepped in to prevent further disruption.
While Binance has not confirmed the breach, the rapid price collapse suggests that intervention occurred.
This raises important questions about the security of market maker accounts and the potential for future attacks. It highlights the need for stronger safeguards in crypto exchange systems.
Market makers are vital to ensuring liquidity in exchange markets. They provide continuous buying and selling of tokens, helping to stabilize prices.
However, the hack revealed that these accounts can be targeted for manipulation, especially in low-liquidity markets. When market maker accounts are compromised, it can lead to significant market distortions.
To prevent future incidents, Binance and other exchanges must improve their security measures.
The ability to manipulate a token’s price shows how important it is to secure market-making accounts. Moving forward, exchanges must focus on better monitoring systems and enhanced protections to maintain market integrity.