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TechFlow reports that a user today posted on X, stating that 146,000 CYBER tokens purchased on Binance on September 1 became unredeemable after being deposited into Binance Wealth Management later that evening, with a peak value of $2.336 million.
Binance issued an announcement responding to the incident, clarifying that there was no internal dumping or profiteering at Binance, and that withdrawal restrictions were due to poor market liquidity.
A user posted on X today, stating that after purchasing 146,000 CYBER tokens on Binance on September 1 and depositing them into Binance Wealth Management, they were unable to redeem the assets starting that night, with the holdings having been worth as much as $2.336 million at their peak. Binance issued a public statement in response, clarifying that there was no insider dumping or profiteering within Binance, and that withdrawal restrictions were due to poor market liquidity.
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