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  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Private Sale Investor Loses $6M Exit After Binance Deposit Error

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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