According to ChainCatcher, @ai_9684xtpa monitored that an investor lost $102,000 in just 12 minutes due to the Binance Alpha blunder. The incident was as follows:

  1. After the false information was released, the investor sold 1.76 million ARC (about $170,000) and bought 1.42 million ELIZA at a cost of 0.1376;

  2. Then I realized that the target token should be lowercase eliza, so I sold all my ELIZA at 0.09567 and exchanged it for eliza, resulting in a loss of $59,600.

  3. After the news was falsified, the price of lowercase eliza also fell, and finally it was sold at 0.01157 again, resulting in a loss of 43,000 US dollars.

Overall, the investor lost up to 52.5% in this incident.