Binance misallocates $20M Helium’s HNT tokens in mistake
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Binance misallocated roughly $20 million of Helium’s HNT token to its users due to an accounting bug, Coindesk reported on Sept. 16.
According to the report, Binance has since patched the bug after its discovery.
The Helium ecosystem has two tokens, HNT and MOBILE, that it uses to reward its network users.
HNT is the native token used to reward hotspot hosts, while the MOBILE token was launched in August and currently lacks a liquid market.
Binance erroneously counted the two tokens as one, as users who sent MOBILE tokens to its platform got an equal amount of HNT instead.
As of press time, the HNT token was trading for $4.18 after declining by 0.1% in the last 24 hours.
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