Vida reviewed and earned 1 million dollars through the BROCCOLI714 hacker incident

The founder of Equation News, Vida, made $1 million by reviewing the BROCCOLI714 hacking incident on the X platform. He noticed the volatility of BROCCOLI714 with a rise of over 30% within 1800 seconds and immediately closed the previously set arbitrage positions. The originally $500,000 arbitrage hedge positions turned into a spot value of $800,000 and a contract value of $500,000, allowing him to pocket $300,000 by closing all arbitrage positions immediately.

He then discovered that there was a $5 million buy order at a 10% depth on the Binance BROCCOLI714 spot market, while the contract's bid depth was only $50,000. The order book on Binance's main site showed that BROCCOLI714 had a market value of $40 million, with a bid of $26 million. This led to the conclusion that a user account must have been hacked or a market-making program had a bug. After confirming that the hacker had $26 million in the spot order book, it was understood that their goal was to inflate the spot price to raise the contract and exit through the contract.

It was confirmed that as long as the hacker did not withdraw buy orders from the spot market, the price of BROCCOLI714 would continue to rise. Vida then chose to attempt to go long on the BROCCOLI714 USDT perpetual contract every 5-10 seconds on the trading terminal. If the order was successful, it would indicate that the circuit breaker mechanism's time had passed, and the contract would be inflated. Ultimately, he successfully seized this opportunity and added about $200,000 to his long position at an entry cost of $0.046 for the contract.

After the hacker withdrew from the order book, Vida believed he had been sanctioned by the risk control department. At 04:20:52.732 Beijing time on January 1, 2026, Vida began to sell all the previously accumulated and subsequently increased BROCCOLI714 spot and contract positions at any cost. Through the original $200,000 position and an additional $200,000, he ultimately cashed out $1.5 million.