Binance Addresses AKEUSDT Perpetual Contract Volatility

Binance responded to user inquiries regarding losses on AKEUSDT perpetual contracts, stating that the price volatility observed on September 3 at 05:44 (UTC+8) was a market-wide event reflected across major exchanges and on-chain data. The exchange clarified that since it does not offer AKE spot trading, the contract price is derived from global spot market data. Binance confirmed that its systems operated normally and the liquidation mechanism functioned as intended during extreme market conditions.