TechFlow reported on December 18 that, according to monitoring by @ai_9684xtpa, a trader lost $102,000 within 12 minutes due to a Binance Alpha misinformation incident. After the false information was released, the user sold 1.76 million ARC (worth about $170,000) and bought 1.42 million ELIZA tokens at an average cost of $0.1376.
Shortly afterward, realizing they had purchased the wrong token, the trader switched to the lowercase eliza token at $0.09567, incurring a loss of $59,600. When the news was later confirmed as fake, the price of eliza plummeted, forcing the user to liquidate their holdings at $0.01157, resulting in an additional loss of $43,000. The trader’s total losses amounted to 52.5%.
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