PANews reported on December 18 that according to @ai_9684xtpa’s monitoring, due to the Binance Alpha blunder, an investor lost $102,000 in just 12 minutes, with $195,000 going in and $93,000 coming out. The incident was as follows:
- After the false information was released, the investor sold 1.76 million $ARC (about $170,000) and bought 1.42 million $ELIZA at a cost of $0.1376;
- Then he realized that the target token should be lowercase $eliza, so he sold all $ELIZA at $0.09567 and exchanged it for $eliza, resulting in a loss of $59,600;
- After the news was falsified, the price of lowercase $eliza also fell, and finally it was sold at $0.01157 again, resulting in a loss of $43,000.
Overall, the investor lost as much as 52.5% in this incident.
