Yi He: Personally Compensating User Losses and Adding Three Confirmations for Payment Transfers

As reported by TechFlow on November 8, Binance co-founder Yi He said that a user sent the wrong cryptocurrency while using two separate apps. She will personally compensate the user’s losses and plans to add three confirmations to Binance payment transfers to prevent similar incidents.

Yi He stated that Binance cannot directly transfer funds from other users’ accounts. For historical compliance reasons, Binance has three independently developed local platforms whose product architecture and business models differ from the main Binance site and primarily handle local fiat transactions.

Source: TechFlow