Cryptocurrency project Helium reported that due to an error in the settlement system of the Binance exchange, the platform accidentally credited users with HNT coins totaling $20 million.
The Binance system confused the MOBILE tokens of the Helium project and, in fact, the HNT coins. Thus, users could move MOBILE tokens to HNT wallets – the exchange considered them to be legitimate HNT coins and allowed them to be sold. Figuratively speaking, this allowed users to sell pennies for rubles.
Users transferred 4,829,043 MOBILE tokens to HNT wallets and sold them. As Helium representatives emphasized, the problem is exclusively with the Binance system, this is not a blockchain error or a hack. In this regard, the HNT exchange rate slightly decreased, but then returned to its previous values.
“Now we would advise the owners of HNT and MOBILE tokens to suspend deposits on the Binance exchange until the site provides an analysis of the incident,” representatives of the cryptocurrency project noted.
Earlier it was reported that the developers of the Helium decentralized network are considering switching from their own blockchain to Solana.
Source: Bits
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