The Binance futures platform noticed anomalous activity on Monday morning. Initially, the trading activity was considered an attack aimed at disrupting the newly launched futures market.
But it turned out the event was based on a technical issue. The trades were made by an old client of Binance, with multiple previous trades.
https://twitter.com/cz_binance/status/1173445346384416769
Binance’s CEO, Changpeng “CZ” Zhao, received some flak for first announcing an attack, before clarifying the issue. But the event also underlined the improved liquidations mechanism of Binance, which aims to decrease the risks for futures traders. The trading anomaly was seen as another risk for Binance, coming just weeks after the exchange adm...