#BinanceAlphaAlert In December 2024, Binance introduced a new feature in its wallet called "Binance Alpha," aimed at highlighting early-stage crypto projects with the potential for growth in the Web3 ecosystem. Through this feature, users were provided with information about tokens that could potentially be listed on the Binance exchange in the future.

However, in the same month, an incident occurred when Binance's Telegram channel published a list of tokens under the "Alpha Watchlist." This post identified projects such as Wise Monkey (MONKY), Happy Cat (HAPPY), Rifampicin (RIF), Zircuit (ZRC), and ai16zeliza (ELIZA) as having "strong fundamentals" and "active communities." Following this announcement, the prices of these tokens surged rapidly, but Binance later clarified that the information was incorrect and deleted the post.

As a result of this misinformation, a trader invested in ELIZA tokens and lost $102,000 in just 12 minutes. The trader purchased 1.42 million ELIZA tokens at a price of $0.1376 but, upon discovering that the information was false, panicked and sold them at $0.09567, incurring a significant loss.

A Binance spokesperson explained that their Telegram channel had been compromised by unauthorized individuals, leading to the publication of false information. They further stated that no token-related information is released on Binance Alpha before an official announcement and urged users to remain cautious.