Binance denies system error in alleged $5M AKE loss
Binance has denied that a system or pricing failure caused more than $5 million in alleged trader losses as the AKEUSDT perpetual contract surged from about $0.0076 to nearly $0.045 on Sept. 3. Summary A trader claims that more than 30 funding-rate arbitrage positions lost over 5 million USDT. Binance says its pricing and liquidation
