Private Sale Investor Loses $6M Exit After Binance Deposit Error
The post Private Sale Investor Loses $6M Exit After Binance Deposit Error appeared first on Coinpedia Fintech News
A private sale investor, “PUMP Top Fund 2,” missed a $6 million exit opportunity after mistakenly depositing 2 billion $PUMP tokens (worth $12.79M at the time) into Binance, which does not support $PUMP spot trading. The tokens, now valued at $6.93 million, were returned about 23 hours later. Following this, the investor transferred them to Bybit, missing the optimal selling window and suffering a significant financial loss. This incident underscores the risks of depositing unlisted tokens on major exchanges.
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