Golden Finance reported that according to monitoring by on-chain analyst Ai Ai, a user lost US$102,000 in just 12 minutes due to the Binance Alpha own incident. The specific operations are as follows: After the false information was released, the investor sold 1.76 million ARC (approximately $170,000) and bought 1.42 million ELIZA at a cost of $0.1376; Then he realized that the target token should be lowercase eliza, so he cut off all ELIZA and exchanged it for eliza at $0.09567, resulting in a loss of $59,600; After the news was proven false, the price of lowercase eliza also fell, and finally cut its flesh again at $0.01157, a loss of $43,000. Overall, the user lost up to 52.5% in this incident.