Binance co-founder Yi He attributes freezing rumors to funds linked to Southeast Asian scam compounds

AI-assisted source summary · not independently verified. Content standards

Binance co-founder Yi He denied that the platform was indiscriminately freezing user funds to make up for liquidity, saying account freezes may result from court or law enforcement orders targeting funds linked to Southeast Asian scam compounds. She had previously warned users not to deposit funds of questionable origin into Binance and said compliance systems may flag high-risk addresses before deposits are made.