According to TechFlow, on December 18, @ai_9684xtpa monitored that a trader lost $102,000 in 12 minutes due to the Binance Alpha blunder. After the false information was released, the user sold 1.76 million ARC (about $170,000) and bought 1.42 million uppercase ELIZA at a cost of $0.1376.

Later, it was discovered that the wrong token was bought, and the lowercase eliza was sold at $0.09567, resulting in a loss of $59,600. When the news was confirmed to be false, the price of eliza plummeted, and the user was forced to liquidate at $0.01157, losing another $43,000, with a total loss of 52.5%.