He Yi: Binance Will Fully Cover User Losses and Welcomes Top AI Security Experts to Join

TechFlow reported that on November 4, Binance co-founder He Yi posted on X in response to public criticism of Binance's security and permission management, saying, "We accept all of it." Binance is not a perfect company, but it has been evolving.

He Yi said Binance currently needs to address three issues:

First, whether user funds are affected; Binance will fully cover them. She noted that, legally, if the funding gap were large, one could file for bankruptcy and abscond, but Binance is user-centric and honors its contractual commitments.

Second, how the incident occurred. Before publishing the report, many professionals recommended not disclosing details, but Binance believes transparency builds trust and hopes the report will serve as a warning to peers regarding social engineering attacks and AI permission boundaries.

Third, how to prevent recurrence. Binance has already rebuilt its security boundaries in areas including permission management across departments, secure environments, device updates, and resetting AI tools, in accordance with zero-trust and least-privilege principles. A subsequent security audit will issue a report.

He Yi also said that Binance welcomes top AI security experts to join.

Source: TechFlow