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Binance Responds to User's AKEUSDT Contract Losses, No Anomalies Found in System or Price Mechanism

Odaily News: Binance Customer Support responded on the X platform to an article about "AKE (AKEDO) contract anomaly squeeze causing $5 million in losses," stating that during the period of September 3, 2026, at 05:44 (UTC+8), the AKE token experienced significant price volatility across the entire market. The related fluctuations were reflected across multiple mainstream trading platforms and on-chain markets, with overall trends being largely consistent. This constitutes market volatility rather than an anomaly on any single platform. Binance has not yet listed AKE for spot trading, and the AKEUSDT contract price and liquidation mechanism are not based on Binance's spot market but are calculated with reference to the network-wide spot market prices.The significant fluctuation in AKE spot prices this time primarily occurred on other trading platforms and on-chain markets, which subsequently transmitted to the contract market. Binance contracts use the mark price as an important basis for liquidation judgments. The mark price comprehensively references price data from multiple markets and employs corresponding mechanisms to mitigate the impact of abnormal and extreme prices on liquidation. Upon verification, Binance's related systems operated normally, and no anomalies were found in the price mechanism. This situation was not caused by platform price anomalies or system failures, but rather represents the normal risk of leveraged positions under extreme market conditions.

Bitget has launched the USDT-margined AKE perpetual contract

Odaily news, according to the official announcement, Bitget has launched the USDT-margined AKE perpetual contract, supporting up to 10x leverage, and the contract trading bot will be simultaneously available.

MGBX will list BANKUSDT and AKEUSDT perpetual contract trading pairs

that, according to official sources, MGBX will list BANKUSDT and AKEUSDT perpetual contract trading pairs on July 20, 2026, at 18:00 (SGT).Trading opening time: July 20, 2026, at 18:00 (SGT)Leverage: BANK supports up to 50x, AKE supports up to 20x.

HTX has listed KORU, FWDI, and AKE perpetual contracts and launched a contract trading competition

According to the official announcement, HTX launched KORU/USDT, FWDI/USDT, and AKE/USDT perpetual contracts on July 16, all with a maximum leverage of 10x.