Yi He Says Binance's Top Priority Is to Ensure Environment Is Secure

Binance co-CEO Yi He said the exchange's top priority is securing the environment, after which users can withdraw their funds and Binance can resume operations, replying on X to a user who argued that comparisons between Binance and FTX overlook liquidity.The user cited Binance's reported $171 billion in assets and noted that deposits are still coming in alongside billions in withdrawals, adding that Binance says it has covered 95% of the $6.3 billion hack. FTX, by contrast, had a large shortfall in customer funds.Yi He drew a distinction between Binance and platforms that collapsed without warning. "Every action has a motive," she wrote, pointing to fraudulent exchanges, P2P platforms and commercial banks whose ledgers are opaque: once the website shuts down, they abscond with the funds, the company is liquidated or goes bankrupt, and an arbitrary excuse is all customers get. There is no way to know how much money was actually in the account or where it went, she said, and such closures come without warning — no real operation, no one comes out to explain, and withdrawals are even less likely to open.