PANews reported on December 18, according to @ai_9684xtpa monitoring, due to the Binance Alpha incident, an investor lost $102,000 in just 12 minutes, going in with $195,000 and coming out with $93,000. The sequence of events is as follows:

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

  2. Then realized that the target token should be lowercase $eliza, sold all $ELIZA for $0.09567, losing $59,600;

  3. After the news was debunked, the price of lowercase $eliza also fell, and ultimately sold again at $0.01157, losing $43,000.

Overall, the investor suffered a loss of up to 52.5% in this incident.