On January 1, 2026, a hacker seized control of a market maker’s Binance account and manipulated BROCCOLI(714) prices with aggressive spot buying.
This incident delivered crypto’s first $1 million profit event of 2026 as trader Vida detected the anomaly with automated alerts, capitalized on the artificial pump, then flipped short. The episode exposed vulnerabilities in exchange risk controls and market maker account security.
Hacker Manipulates BROCCOLI(714) on Binance, Trader Profits $1 Million in Early 2026
The hacker allegedly gained control of a market maker’s accounts on Binance and attempted to move stolen funds by manipulating a thinly traded token to create artificial liquidity.
Their token of choice was BROCCOLI(714), a low-liquidity asset with shallow order-book depth. This token presented ideal conditions for forcing price movement with relatively limited capital.
The attacker aggressively bought spot BROCCOLI(714) using the compromised accounts while simultaneously opening leveraged perpetual futures positions through other accounts.
The goal appeared to be coordinated self-trading, pumping spot prices, exploiting derivatives, and quietly transferring value out of the system.
An Order Book That Didn’t Make Sense
The forced flow skewed the market, driving spot prices sharply higher while perpetual futures lagged and the bid depth ballooned irrationally, reaching levels no rational whale would. However, the strategy left fingerprints, and one trader was already watching.
Trader Vida, who had existing spot and futures exposure to BROCCOLI(714), was alerted almost immediately. According to the trader, the automated systems he had configured flagged a rapid price increase of more than 30% within 30 minutes, alongside a widening divergence between spot and perpetual futures prices.
What caught his attention was not just the price action, but the underlying structure. As Vida explains, Binance’s spot order book began showing tens of millions of USDT stacked on the bid side for a token with a market capitalization of roughly $30–40 million at the time. In contrast, the futures market showed minimal bid depth.
“From that, I figured it had to be either a hacked account or a bug in the market-making program, because no whale would be dumb enough to do charity like that—no whale plays spot market like this,” Vida noted.
This was not speculation-driven momentum. It was forced buying.
Riding the Manipulation — Then Reversing It
Recognizing the nature of the move, Vida went long early, riding the artificial pump created by the hacker’s urgency to move funds. As spot buying intensified, prices surged sharply, confirming his thesis.
But Vida was already planning the exit.
He monitored the spot order book closely, watching for a specific signal: the sudden removal of large bid orders. To him, that would likely indicate Binance’s risk control systems stepping in to restrict the compromised accounts.
That signal arrived shortly after 4:30 a.m. China time. Large bids vanished, this time for good.
Vida immediately closed his long positions, liquidating both earlier holdings and newly accumulated exposure. Moments later, he flipped short, opening a sizable perpetual futures position as liquidity collapsed and prices began to unwind.
The dump followed quickly. BROCCOLI(714) retraced sharply as artificial support disappeared, validating the second phase of the playbook.
A Trade That Was Never Supposed to Exist
By the end of the sequence, Vida had walked away with approximately $1 million in profit, marking what is arguably the first major trading win of the new year. The profit was not the result of predicting price direction. Rather, it came from identifying abnormal market behavior, understanding incentives, and acting decisively when structure broke.
The incident has fueled surges across other BROCOLLI-related tokens, with some recording double-digit gains.
“Why didn’t I catch the broccoli: I was sleeping…don’t wait for the good news, what came was “being stolen”. Too bad I was sleeping, otherwise I could have accidentally harvested the veggies. Reflection, still need to set up a wake-up service, because from the pump start to 150m, it lasted almost an hour, for those with trapped positions before, there was still a lot of room to operate. First lesson of the new year, sleeping is not good for getting rich!” one user remarked.
The incident suggests that in crypto markets, price can lie, narratives can mislead, but order books rarely do.
In this case, a hacker’s attempt to exploit market mechanics created a brief but lucrative distortion, one that an alert system, disciplined execution, and experience turned into crypto’s first $1 million moment of 2026.
The post A Hacker’s Failed Play on Binance Marks Crypto’s First $1 Million Moment of 2026 appeared first on BeInCrypto.
