Binance Denies System Error Behind Alleged $5M AKE Trader Losses
TL;DR:
- A trader reported the forced liquidation of more than 30 arbitrage positions in the AKEUSDT perpetual contract on September 3, 2026, with estimated losses exceeding 5 million USDT.
- The AKEUSDT contract price surged from $0.0076 to a peak near $0.045 during the same session.
- Binance stated that its liquidation engines, pricing models, and risk controls operated normally during the volatility event.
Binance rejected allegations of an alleged technical glitch on its platform following the losses reported by a trader in AKE perpetual contracts during trading on Thursday, September 3.
用户您好，关于您在 AKEUSDT 合约交易中因行情波动产生损失的情况，经核查，现说明如下：
2026 年 9 月 3 日 05:44（UTC+8）期间，AKE…
- Binance Customer Support (@BinanceHelpDesk) September 3, 2026
The dispute arose after a user went public, revealing that more than thirty positions tied to funding rate arbitrage strategies were liquidated. The affected trader is claiming an amount exceeding 5 million USDT. A market report indicates that the complainant argued the asset’s vertical surge stemmed from coordinated manipulation rather than organic market dynamics.
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