Markets
Binance Faces Heat After Trader Reports Millions of Losses In Alleged Trading Scandal
CoinGape·September 3, 2026·1 min read
Binance faces pressure after a trader alleges over $5 million in losses from extreme volatility in the AKEUSDT perpetual futures market. The exchange denied system failure or price error, stating systems functioned properly. The incident raises questions about exchange risk management and market manipulation.
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