【Binance Responds to Freezing Rumors】On November 13, Binance co-founder He Yi posted on X in response to online claims that “Binance is freezing user funds on a large scale.” She said the freezes in question were ordered by judicial authorities and involved funds linked to scam compounds in Southeast Asia, not a liquidity problem at the platform.
He Yi said that financial institutions are required to comply with court-issued freezing orders. By the time the orders were served, the cases had already entered litigation. The platform’s compliance system flags risky addresses before funds arrive, and lifting a judicial freeze requires waiting for official procedures; the platform cannot unfreeze the funds on its own.
Her response echoed a warning she made on November 8: users should not accept funds from questionable sources, including payments from businesses in Myanmar, collections from Cambodia, or discounted stablecoins transferred by friends.
Claims began circulating on X and Douyin on the afternoon of November 12, saying that the accounts of tens of thousands of Binance users had been frozen because the platform was facing a cash crunch after a cyberattack on October 29. He Yi denied the claims. In September, a review by the U.S. Financial Crimes Enforcement Network (FinCEN) covered $12.7 billion in activity linked to investment scams in Southeast Asia. (Sources: Cryptopolitan, CryptoNews, TokenPost, November 13)
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He Yi said that financial institutions are required to comply with court-issued freezing orders. By the time the orders were served, the cases had already entered litigation. The platform’s compliance system flags risky addresses before funds arrive, and lifting a judicial freeze requires waiting for official procedures; the platform cannot unfreeze the funds on its own.
Her response echoed a warning she made on November 8: users should not accept funds from questionable sources, including payments from businesses in Myanmar, collections from Cambodia, or discounted stablecoins transferred by friends.
Claims began circulating on X and Douyin on the afternoon of November 12, saying that the accounts of tens of thousands of Binance users had been frozen because the platform was facing a cash crunch after a cyberattack on October 29. He Yi denied the claims. In September, a review by the U.S. Financial Crimes Enforcement Network (FinCEN) covered $12.7 billion in activity linked to investment scams in Southeast Asia. (Sources: Cryptopolitan, CryptoNews, TokenPost, November 13)
$BTC $ETH
