Binance co-founder Yi He: The top priority now is to ensure the environment is secure, and then users can withdraw funds and the platform can resume operations
Binance co-founder Yi He posted on X on November 2 that the top priority now is to ensure the environment is secure, and after that users can withdraw funds and Binance can resume operations.
Yi He said that every action has a motive. She contrasted some scam exchanges, P2P platforms and commercial banks: these institutions have opaque ledgers, and once the website is shut down they abscond with the money; if the company is liquidated or goes bankrupt, they only need to give any random excuse; outsiders have no way of knowing how much money is actually in the accounts or where the funds went. Such shutdowns often come with no warning at all, disappearing directly, with no real operations and no one coming out to explain what happened, and it is even less likely that withdrawals will be opened.
The post was a response to users discussing the comparison between Binance and FTX, as well as the platform's liquidity and reserves. Yi He ended with thank you for the support.
Original source:
Title: Our top priority right now is to ensure the environment is secure... Publisher: Yi He (@heyibinance) Publication date: 2026-11-02 URL: https://x.com/heyibinance/status/2117155170568253732 Source type: original post Verification: directly read the original post content and timestamp Supporting content: Yi He's original statement that the top priority now is to ensure the environment is secure, and after that users can withdraw funds and Binance can resume operations; contrasted with scam exchanges and others that have opaque ledgers, abscond with the money after shutting down, and do not open withdrawals.
ABAB AI Insight
Yi He's statement came after Binance suffered a large-scale theft of funds. The U.S. Secret Service had previously publicly said it was investigating a case involving more than $6 billion in cryptocurrency stolen from Binance Global and was working with the FBI and other agencies to freeze some of the stolen assets. In the related discussion, Yi He stressed prioritizing a secure environment before opening withdrawals and resuming operations, which amounts to an official response to the current developments.
She compared Binance with scam exchanges, P2P platforms and commercial banks, stressing that the latter have opaque ledgers and disappear once they shut down, without allowing withdrawals. The statement did not provide Binance's specific current security measures, a withdrawal timetable, or reserve data, nor did it respond to the specific handling details of the stolen funds. The post was a reply to users discussing the platform's liquidity and comparing it with FTX, and it focused on operating principles rather than specific financial figures.
Earlier, Yi He had responded to related rumors in the community and said that the only public information at present is the withdrawal progress. This post continued that line, placing security first before withdrawals and resuming operations, while indirectly explaining Binance's approach by contrasting it with the opaque practices of other institutions. The actual timing of withdrawals and the resumption of operations has not been given a clear schedule in the public information available now.
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