According to Wu Blockchain, a funding rate arbitrage user named xunlu posted that over 30 arbitrage positions in their Binance account were fully liquidated at 5:44 AM on September 3, resulting in a single-day loss exceeding 5 million USDT. The user claimed that the AKE token doubled in price within just 7 minutes, raising suspicions of malicious short squeezes orchestrated by market makers and whales. They demanded Binance investigate the manipulation of the AKEUSDT contract, disclose risk control logs for liquidation, and compensate for the losses. In response, Binance customer service stated that the AKE token experienced significant market-wide volatility during the relevant period, with price movements consistent across multiple major platforms and on-chain data. They clarified that this was a market-wide fluctuation rather than an isolated price anomaly on a single platform. Binance does not offer AKE spot trading, and the AKEUSDT contract relies on a global spot price index and the Mark Price mechanism. The system operated normally, and the pricing mechanism did not encounter any issues. The liquidations were attributed to normal market risks associated with high-leverage positions during extreme market conditions. https://www.(wublock123.com)/news/news-67753