Markets
Binance Denies System Error After Trader Claims $5 Million Loss on AKE Futures Contract
CoinCentral·September 4, 2026·1 min read
A trader claims over 30 positions were liquidated within minutes on September 3, losing more than 5 million USDT on Binance's AKEUSDT perpetual futures contract. AKE's price surged roughly 492% from $0.0076 to nearly $0.045. Binance denies system error, blaming market volatility.
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