Binance’s Yi He pushes back on FTX comparisons after $6.3B hack

Binance co-founder and co-CEO Yi He has pushed back against comparisons between the exchange and collapsed rival FTX, saying full operations will resume only after its security systems are confirmed safe following the $6.3 billion hack. Binance co-founder Yi He has pushed back against comparisons with collapsed exchange FTX, saying customer withdrawals and full operations depend on securing the platform following the $6.3 billion hack. Yi He criticized fraudulent exchanges and financial institutions that shut down without warning, leaving customers unable to access their funds or determine what happened to their deposits.

Source: crypto.news