2 years ago
Binance misallocated astir $20 cardinal of Helium’s HNT token to its users owed to an accounting bug, Coindesk reported connected Sept. 16.
According to the report, Binance has since patched the bug aft its discovery.
The Helium ecosystem has 2 tokens, HNT and MOBILE, that it uses to reward its web users.
HNT is the autochthonal token utilized to reward hotspot hosts, portion the MOBILE token was launched successful August and presently lacks a liquid market.
Binance erroneously counted the 2 tokens arsenic one, arsenic users who sent MOBILE tokens to its level got an adjacent magnitude of HNT instead.
The Helium Foundation reportedly said:
“We tin corroborate that this is not a concatenation issue, and that this contented is isolated to Binance. To our knowledge, nary different exchanges oregon third-parties person been affected. We counsel token holders to suspend HNT and MOBILE deposits connected Binance until a broad concern update is provided.”
Binance told CryptoSlate, “we are looking into this and volition get backmost arsenic soon arsenic we can.”
Helium assemblage is presently voting connected a migration connection to Solana (SOL).
As of property time, the HNT token was trading for $4.18 aft declining by 0.1% successful the past 24 hours.
The station Binance misallocates $20M Helium’s HNT tokens successful mistake appeared archetypal connected CryptoSlate.
English (US) 