User complaints about the AKE contract's abnormal forced liquidation leading to a 5 million USDT overnight liquidation, calling for Binance to intervene in the investigation

A Binance user posted a complaint on the X platform, stating that more than thirty arbitrage positions in the AKEUSDT contract were all forcibly liquidated, resulting in a single-day loss of over 5 million USDT, with the principal nearly reduced to zero. The user accused the market makers of malicious short squeezing and targeted attacks, calling for the platform to intervene and investigate.

According to the user, AKE rose from 0.0076 USDT to 0.044859 USDT within 8 hours, from September 2 at 21:00 to September 3 at 5:44, an increase of about 6 times, with the last 7 minutes seeing a direct doubling from 0.022432 to 0.044859. The user believes that such an extreme rate of market movement, without fundamental support and with a highly concentrated position, clearly constitutes manipulative behavior, and the platform should disclose risk control logs and compensate users for their losses. The user also compared this incident to the abnormal market conditions of the TUT contract on August 9, arguing that the structures of the two events are highly similar. As of the time of publication, Binance has not publicly responded to this incident. This complaint is a unilateral user statement, and the relevant facts await further verification by the platform.