A user lost $102,000 in 12 minutes due to the Binance Alpha Oolong incident
According to on-chain analyst Aunt Ai, due to the Binance Alpha oolong incident, a user lost $102,000 in just 12 minutes. The specific operations are as follows:
After the misinformation was published, the investor sold 1.76 million ARCs (about $170,000) and bought 1.42 million ELIZAs at a cost of $0.1376.
Then realized that the target token should be lowercase eliza, and exchanged all ELIZA for eliza at $0.09567, losing $59,600;
After the news was falsified, the lowercase eliza price also fell, and finally cut the meat again at $0.01157, losing $43,000.
Overall, the user lost as much as 52.5% in this incident.