Vida recounts how it earned $1 million from the BROCCOLI714 hack.

[Vida Earns $1 Million from BROCCOLI714 Hack] According to Mars Finance, Vida, founder of Formula News, earned $1 million by reviewing the BROCCOLI714 hack on the X platform. He noticed the volatility of BROCCOLI714 after its price surged over 30% in 1800 seconds and immediately closed his previously set arbitrage positions. The original $500,000 each arbitrage hedging positions became $800,000 in spot value and $500,000 in contract value, resulting in a $300,000 profit from immediately closing all arbitrage positions. He then immediately discovered $5 million in buy orders at the 10% bid depth for BROCCOLI714 spot on Binance, while the 10% bid depth for contracts was only $50,000. Binance's main order book showed that BROCCOLI714's market capitalization was $40 million at the time, with $26 million in bids, leading him to conclude that a user account had been hacked or that there was a bug in the market-making program. After confirming that the hacker had $26 million in the spot order book, it was understood that their purpose was to pump and dump the spot price to inflate the contract and then exit the market. It was confirmed that as long as the hacker didn't withdraw their buy orders in the spot market, the price of BROCCOLI714 would continue to rise. Vida then attempted to long order for the BROCCOLI714 USDT perpetual contract every 5-10 seconds on the trading terminal. If the order was successful, it meant the circuit breaker mechanism had expired, and the contract would be liquidated. Ultimately, Vida successfully seized this opportunity and added approximately $200,000 to their long position at a contract entry cost of $0.046. After the hacker canceled the order book midway, Vida believed that it 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 added BROCCOLI714 spot and contract positions regardless of cost. Through the original position of $200,000 and the additional $200,000, Vida finally cashed out $1.5 million.