Yi He Responds to User's Mistaken Transfer: Will Personally Cover the Loss, Binance Pay to Add Triple Confirmation

November 8: Binance co-founder Yi He stated that regarding a user who transferred funds to the wrong account between two separate apps, the law prevents directly transferring funds out of another person's account, so she will personally compensate the user's loss. Yi He explained that due to historical compliance reasons, Binance has three local sites developed completely independently, with product architecture and business formats different from the main site, mainly handling local fiat currency trading. To prevent similar situations from recurring, the next step will be to add triple confirmation to Binance Pay transfers. Yi He also welcomed users to offer effective product suggestions in the comments, and will select the best 10 suggestions within a week, rewarding each with 1 BNB.