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🔥He Yi speaks out! Behind the "K-line" storm at Binance, it is actually a "trust test"


Recently, the crypto world has been buzzing, with the focus all on Binance. First, there were users questioning "Binance modifying K-line data", followed by Binance co-founder He Yi personally responding—her tone was direct and her attitude sincere, clearly explaining the ins and outs of this storm in just a few sentences.


She stated very plainly:

Binance contracts use marked prices and liquidation mechanisms, which means the data is derived from a weighted average price of multiple exchanges, excluding extreme quotes. The purpose of this approach is to avoid the price on a single platform being maliciously manipulated to trigger liquidations. Other platforms use their own spot prices, causing users to be passively liquidated when prices are artificially inflated and dropped—who hasn’t seen such losses?

This point is well understood by seasoned contract traders. Binance's marking mechanism is actually the first in the industry to dare to do this. It is a protection for users and a responsibility for the platform.


As for this "K-line incident", He Yi didn’t shift the blame. She succinctly pointed out the essence:


"When there are too many people, it's hard to manage the team; if you let go and trust the team, then you have to come out and apologize and clean up the mess."


This statement is very real. Binance is currently the largest exchange in the world, with systems, teams, and data at a massive scale. A small operation that might have been just a bug a few years ago can now attract attention from the whole network.


But what impresses me the most is her willingness to speak frankly, to admit mistakes, and not to put on a facade. She didn’t hide anything, nor did she gloss over the situation; instead, she openly acknowledged that management indeed needs further refinement. It's hard to imagine such a tone coming from an executive of a company with annual revenues exceeding tens of billions of dollars.

Pay attention to: CLO, BAS, COAI, TA, $YGG
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