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Edie Pridgen tDy3

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41 Followers
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$LSK woo!
$LSK woo!
LSKUSDT
Opening Short
Unrealized PNL
+1666.00%
$PIPPIN woo!
$PIPPIN woo!
S
PIPPINUSDT
Closed
PNL
+126.84%
$PIPPIN woo!
$PIPPIN woo!
S
PIPPINUSDT
Closed
PNL
+126.84%
S
TAUSDT
Closed
PNL
+658.07%
See original
So damn dark
So damn dark
Hyperliquid Whale Follower
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Analysis of Possible Reasons for the LINA Liquidation Bug on Binance Contracts
In my previous post, I mentioned the abnormal liquidation issue of lina that occurred on March 25 at 17:14:33. Many other people commented below saying they encountered the same issue, all at this time, within no more than 1 second. Regardless of whether you were going long or short, or how much margin you had in your account, everything was liquidated, and the account was wiped out.
The process of excluding various possibilities is quite complex. After writing some, I deleted them. Now, I won't beat around the bush and will directly give my conclusion: this liquidation was caused by the continuous decline in the price of lina and the adjustment of trading pair precision by Binance.
See original
Platform bug $LINA caused erroneous liquidation; the liquidation price was never reached, and there was an extra 0 in the liquidation price.
Platform bug $LINA caused erroneous liquidation; the liquidation price was never reached, and there was an extra 0 in the liquidation price.
S
LINAUSDT
Closed
PNL
+98.24USDT
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Impressive, it seems quite a few people are like this
Impressive, it seems quite a few people are like this
Fashion Buyer
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I was also liquidated by erroneous data, the customer service page won't open, it's a blank page
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Awesome
Awesome
chamiya123
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$LINA my wallet crashed
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Me too, very angry 😤
Me too, very angry 😤
Hyperliquid Whale Follower
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#LINA reported a huge flaw in a Binance contract, wondering if anyone else has encountered it, with abnormal liquidation, as shown in the picture below.
On the afternoon of March 25, I held two positions.
Position 1 was a long position in LINA, with an opening price of 0.001681, at that time holding 9,812,139 units (the maximum holding amount was 13,478,211, I had previously closed part of it).
The position value was approximately 0.001681*9,812,139=16,494, which means that I would only lose 16,494u if LINA's price dropped to 0, at that time the unrealized profit and loss was about -8000u.
Position 2 was a long position in AUCTION, with an opening price of 20.841172, holding 2000 units, the price at the time of the incident was about 20.08, the unrealized profit and loss was approximately -1600.
At that time, my account had about 44,567 in margin, yet under such circumstances, I was liquidated, and the margin in my account was also cleared.

I have been trading contracts on Binance for a long time, and recently the projects I followed were decent enough to be featured on Binance's homepage recommendations, I never expected that there would be such issues with Binance's contracts.
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I am too
I am too
知行不合一
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$LINA clearly did not reach the liquidation price, yet all my positions were inexplicably force liquidated.
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$LINA was inexplicably liquidated, and the transactions are completely incorrect. I went short, and when the prices of the two currency pairs reached 0.001/28 a couple of days ago, my margin was sufficient. Today, with the price at 0.0008/24, I was actually liquidated?! What's going on?! I have consulted customer service, but no one is responding, and the closing record for Lina still shows a profit, it's all a mess.
$LINA was inexplicably liquidated, and the transactions are completely incorrect. I went short, and when the prices of the two currency pairs reached 0.001/28 a couple of days ago, my margin was sufficient. Today, with the price at 0.0008/24, I was actually liquidated?! What's going on?! I have consulted customer service, but no one is responding, and the closing record for Lina still shows a profit, it's all a mess.
S
LINAUSDT
Closed
PNL
+98.24USDT
See original
I have encountered it too
I have encountered it too
Hyperliquid Whale Follower
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#LINA reported a huge flaw in a Binance contract, wondering if anyone else has encountered it, with abnormal liquidation, as shown in the picture below.
On the afternoon of March 25, I held two positions.
Position 1 was a long position in LINA, with an opening price of 0.001681, at that time holding 9,812,139 units (the maximum holding amount was 13,478,211, I had previously closed part of it).
The position value was approximately 0.001681*9,812,139=16,494, which means that I would only lose 16,494u if LINA's price dropped to 0, at that time the unrealized profit and loss was about -8000u.
Position 2 was a long position in AUCTION, with an opening price of 20.841172, holding 2000 units, the price at the time of the incident was about 20.08, the unrealized profit and loss was approximately -1600.
At that time, my account had about 44,567 in margin, yet under such circumstances, I was liquidated, and the margin in my account was also cleared.

I have been trading contracts on Binance for a long time, and recently the projects I followed were decent enough to be featured on Binance's homepage recommendations, I never expected that there would be such issues with Binance's contracts.
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