Binance user "xunlu" reports a $5M+ USDT loss due to alleged manipulation & "squeeze" attack on AKEUSDT perpetual contract. User claims AKE token price doubled in 7 mins on Sept 3rd, leading to liquidation of 30+ arbitrage positions. Calls for Binance investigation, log disclosure & compensation. Binance denies platform-specific anomaly, citing sharp volatility across markets & mainstream platforms. States AKEUSDT contract uses a global spot price index & Mark Price, with systems operating normally. Liquidations attributed to market risk of high-leverage positions during extreme volatility.
#crypto #blockchain #news
Blockchain Report
npub1cg…nmysr
2026-09-03 10:54:14 GMT
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-09-03 10:54:14 GMTEvent JSON
{
"id": "f9ee3a438206f6c9d213bc4707f67374592e8539b0adcb9627a3a91f0fb8946d",
"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1788432854,
"kind": 1,
"tags": [],
"content": "Binance user \"xunlu\" reports a $5M+ USDT loss due to alleged manipulation \u0026 \"squeeze\" attack on AKEUSDT perpetual contract. User claims AKE token price doubled in 7 mins on Sept 3rd, leading to liquidation of 30+ arbitrage positions. Calls for Binance investigation, log disclosure \u0026 compensation. Binance denies platform-specific anomaly, citing sharp volatility across markets \u0026 mainstream platforms. States AKEUSDT contract uses a global spot price index \u0026 Mark Price, with systems operating normally. Liquidations attributed to market risk of high-leverage positions during extreme volatility.\n\n#crypto #blockchain #news ",
"sig": "7b64748977f4dab783d66062d45464f0cf5cb351f699dfe9f1c0964900c6e4951f35e8408b230b7cc4714fc6fa1fed353f1f2a8a76654687fea1973b8829ca5c"
}