In the process of selling off tokens, an arbitrage bot was able to take advantage of the price difference by selling the rapidly crashing SUN token into a second liquidity pool that apparently went unnoticed by the hacker, and the bot operator also profited around $560,000.
Sunray Finance hacked for $2.7 million
A perpetuals trading platform called Sunray Finance was hacked on October 30 by an attacker who was able to upgrade a smart contract used by the protocol. They then were able to mint a massive number of the protocol's SUN token — 200 sextillion, to be precise. Then, they cashed out what they were able to, crashing the SUN token price in the process. Ultimately, the attacker made off with about $2.1 million of the Tether stablecoin.