Binance co-founder Yi He is pushing back against claims that her crypto trading platform asks for tokens in exchange for listing. Simon Dedic, the chief executive of the crypto investment firm Moonrock Capital, kicked off the argument when he said on the social media platform X last week that he’d recently talked with a “Tier […]
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The co-founder of Binance is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer. In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people […]
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The account was allegedly breached through the Google Chrome extension Aggr, which saves cookie login information.
Yi He, co-founder of crypto exchange Binance, has dismissed claims that a platform security breach led to the loss of $1 million in crypto from a single user account. The Binance co-founder wrote on June 3:
The same day, crypto trader Nakamao alleged that they had lost their entire account balance through “counter-trading” without obtaining his Binance account password or two-factor authentication instructions.
“Afterwards, the security company told me that the hacker was manipulating my account by holding my web cookies hostage,” said Nakamao, who explained that after the account was breached, the hacker “bought the corresponding tokens in the USDT trading pair with abundant liquidity, and placed limit sell orders that exceeded the market price in the BTC, USDC and other trading pairs with scarce liquidity.”
Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen, currently lead the world’s largest crypto exchanges by volume.
It's a little-known fact that women are behind two of the world's largest cryptocurrency exchanges.
In a blog post published on May 21, Gracy Chen, formerly the managing director of crypto exchange Bitget, who now serves as the firm’s CEO, detailed her journey in leading an exchange that currently facilitates $4 billion in trading volume:
Chen described how at 18, she received a scholarship to study Applied Mathematics in Singapore and became a television host for a Chinese finance and technology program upon graduation, where she learned about Bitcoin (BTC), back then at $300, from her interviewees in 2015:
The freeze does not affect Binance accounts owned by ordinary Palestinian civilians.
Crypto exchange Binance has frozen accounts linked to Hamas militants as per requests from Israeli law enforcement.
According to an Oct. 10 WeChat post by Yi He, the exchange’s co-founder, the freeze is targeted toward Hamas and not the people of Palestine. As stated by He:
“Hamas is a designated terrorist organization by the United Nations. Therefore, any organization, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“
Yi He further explained that no trading platforms can refuse such requests: “Palestine has an organized government. Hamas is a local militant group. They kill civilians; that’s the problem. Hamas is not Palestine; the freeze is targeted towards Hamas, not Palestine.“
Earlier on Oct. 10, local news outlet Calcalist reported that Israeli officials froze the crypto accounts of Hamas militants with the help of Binance. Law enforcement claims that terrorists used the accounts to collect war-related funding via social media.
The day before, Cointelegraph reported that the local Web3 community in Israel launched a charity campaign to help Israeli civilians affected by the ongoing conflict. Dubbed “Crypto Aid Israel,” the initiative supports both Bitcoin (BTC) and Ether (ETH) donations, along with other ERC-20 tokens such as Tether (USDT). The movement has received nearly $50,000 in crypto donations since its release.
Yi He suggested that ordinary users would not be affected by the ban, including Palestinian civilians. “Referring to earlier incidents, when war broke out before Russia and Ukraine, we did not freeze the accounts of ordinary Russians,” she stated.
The world’s largest cryptocurrency exchange by trading volume is making strategic moves to bolster the venture capital side of its business. In a new announcement, Binance says that chief marketing officer Yi He will take over as the new head of Binance Labs to put an emphasis on fostering innovative growth for blockchain technology. Yi, […]
The post Binance CEO Revamps Its $7,500,000,000 VC Arm, Says Now Is the Best Time To Invest in Crypto appeared first on The Daily Hodl.
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the […]