🚨 Binance Liquidation Horror Story - Did Anyone Else Experience This? 🚨
I’m currently going through a nightmare with Binance, and I need your help to understand if anyone else has had this happen! 😤
💸 I had a $6,500 position on Binance, and despite having over $8,000 in my account, my ENTIRE balance was wiped out during liquidation, including a $6,500 liquidation fee.
The weird part? The liquidation history shows "Bankrupt", and there’s no explanation of why my funds were completely taken in this way. It wasn't a funding fee, closing fee, or any usual type of fee – it was labeled as liquidation/clearance.
Here's what happened:
Position Liquidated for $6,500
Charged $6,500 as Liquidation Fee
My account had over $8,000 left, but ALL of it went into liquidation fees.
The liquidation history says "Bankrupt" despite the available funds.
Binance support is investigating but can’t give me a clear breakdown of how they calculated this fee.
Has anyone had a similar experience with Binance liquidations? Is this a bug or something that happens rarely? How did you resolve it, and was there any refund or explanation?
I’ve requested a refund, but I’m still waiting on clarity. If you’ve experienced this, or know anyone who has, please let me know. I’d really appreciate any help or advice. 🙏
22-year-old Tunisian woman Maissa Jebali was arrested in Miami for allegedly stealing $850,000 worth of TrumpCoin cryptocurrency from her ex-boyfriend, Anthony Bravo. She transferred the funds from his crypto wallet and made unauthorized credit card purchases. $TRUMP
Due to her undocumented status, she is in ICE custody, raising deportation concerns before her trial. Jebali has pleaded not guilty, and her lawyer hopes she will face charges in the U.S. The case highlights issues around cryptocurrency theft and immigration complications.
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From my personal experience NEVER buy swapped tokens that have changed names, like matic to $POL and front to $SLF these are all ways to steal ur money.
An old scam, becoming more automated and more common
A variation of dusting scams involves scammers creating wallet addresses that closely resemble the beginning and ending characters of legitimate addresses frequently used by a targeted wallet owner. The goal is to confuse the user into mistakenly sending funds to the wrong address during unrelated transactions. Here’s how this scam works: How the Scam Works 1. Creating Similar Addresses Scammers generate wallet addresses that mimic the structure of legitimate addresses the user has previously interacted with. They focus on replicating the first and last few characters, as these are the parts users often rely on for verification. 2. Sending Dust Transactions Small, seemingly insignificant amounts of cryptocurrency (dust) are sent from these fake addresses to the victim’s wallet. This populates the wallet’s transaction history with the scammer’s deceptive address. 3. Manipulating Future Transactions When the user later tries to send funds to a familiar address, they may mistakenly select or copy the scammer’s look-alike address from their transaction history, unknowingly transferring funds to the scammer instead of the intended recipient.
Recognizing the Scam 1. Unfamiliar Transactions Watch for small, unexpected transactions, especially from addresses that look similar to those you regularly interact with. 2. Partial Address Matches Scammers rely on the fact that many users only check the first and last few characters of a wallet address for verification. Always examine the entire address closely. 3. Suspicious Patterns If you notice a series of transactions with similar but slightly altered addresses in your history, it could indicate a dusting scam.
How to Protect Yourself 1. Use Address Book Features Many wallets allow you to save frequently used addresses. Use this feature to avoid relying on past transactions to find addresses. 2. Verify Entire Addresses Before sending funds, double-check the full address, not just the first and last few characters. 3. Be Wary of Recent Transactions Avoid blindly copying addresses from your transaction history, especially if they were part of unsolicited deposits. 4. Manually Manage Important Addresses Keep a secure list of verified addresses you regularly transact with to avoid selecting the wrong one.
By paying close attention to transaction details and practicing careful verification, you can protect yourself from these scams that exploit small lapses in attention to misdirect funds.
“The Next Big Move: POL Poised for a Breakout to $3!”
With its pivotal role in the Polygon 2.0 upgrade and extremely low transaction fees averaging fractions of a cent, POL is emerging as one of the most promising tokens in the crypto space. These ultra-low fees make Polygon the go-to choice for developers, enterprises, and users looking for scalability without breaking the bank.
Analysts are increasingly optimistic, citing the potential for POL to surge to $3 in the near future, fueled by its affordability, increased staking rewards, new partnerships, and growing transaction volumes. With a strong foundation and real-world use cases, POL offers an unparalleled opportunity for early investors to ride the wave of innovation and growth.
As much of the “analysts” are attributing the current downtrend to the war going on, its not true. Yes the war might have been the trigger but the bull run has ended already a couple weeks back.
Check my previous post on my profile from march to see my prediction based on previous market experiences.
If you have already sold in fear of price drop here is how to reinvest your revenue before the halving.
Lets say you have 1 BTC and you sold at 72000. You buy 0.1BTC at 62k, 0.2 BTC at 58k, 0.3 at 50k, 0.4BTC at 45000.
By doing this you will have your 1 BTC again at average of 50,800 plus extra 21,200 you can increase your total BTC if it goes further down or starts pumping.