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via crypto.news · By crypto.news Editorial
Binance denies system error in alleged $5M AKE loss
CE
crypto.news Editorial(07:08 PM UTC)
1 min read
Binance has denied that a system or pricing failure caused more than $5 million in alleged trader losses as the AKEUSDT perpetual contract surged from about $0.0076 to nearly $0.045 on Sept. 3.
Summary
- A trader claims that more than 30 funding-rate arbitrage positions lost over 5 million USDT.
- Binance says its pricing and liquidation systems operated…
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