Taiko (TAIKO)

i mean 😭 https://t.co/D0neCix9Ew

Heads up: TAIKO putting based preconfirmations on mainnet matters because users price confidence faster than they price finality theory. If confirmations feel instant while still inheriting Ethereum settlement, app UX gets meaningfully closer to what mainstream users expect. https://t.co/M0wjwro322

I came across this news and decided to read it. The summary is very interesting because such cases are rarely seen.
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When I finished reading, I thought it happened a long time ago and was only just reported, but after checking the coin price, I realized it actually occurred just yesterday.
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A hotel owner in Pattaya had his crypto account hacked. Even though it had 2FA, the hacker managed to wipe out a portfolio worth 6.5 million THB without transferring a single baht out.
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So I wondered if the hacker might have used a method like this:
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1. The account owner got hacked but immediately froze deposits and withdrawals (the account also has 2FA).
2. The hacker could still use the account but couldn’t withdraw, so they first sold all assets in the wallet for cash.
3. Then the hacker looked for a market with very low liquidity and a thin order book.
4. Placed a sell order for that token at a price far above the market.
5. Used the victim’s funds to market‑buy TAIKO tokens. Because of the low liquidity, the large buy order pushed the price up to 200× in 4 minutes, filling the hacker’s sell order completely.
The hacker walked away with cash, and the victim was left only with the token priced back down to 3 baht each.
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Summary: If an account is hacked (even with 2FA), can a hacker use low liquidity to market‑buy and extract funds?
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Read the full news article here: https://t.co/RVmWpVaNfJ