Binance Denies System Error After Trader Claims $5 Million Loss on AKE Futures Contract
TLDR
- A trader claims over 30 positions were liquidated within minutes on Sept. 3, losing more than 5 million USDT on Binance’s AKEUSDT perpetual futures contract
- AKE’s price surged from around $0.0076 to nearly $0.045, a rise of roughly 492%
- Binance says its pricing and liquidation systems worked normally and blames market volatility
- The trader alleges the move was a coordinated short squeeze, not a normal market event
- Binance has not offered compensation and the trader is demanding full trading and risk-control logs
A trader is claiming losses of more than 5 million USDT after over 30 positions were liquidated on Binance’s AKEUSDT perpetual futures contract on September 3.
I warned you to just watch and not to trade this manipulated coin.$AKE liquidated every short position before dumping 🩸
Be safe from these crime pumps on BNB Chain. ⚠️
You don’t have to trade every pump. Sometimes the smartest move is to just WATCH and LEARN. https://t.co/zsEy4Gzipz pic.twitter.com/LtZ4ZfPTek
- Zayn (@Zaynnode) September 3, 2026
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