He Yi: Personal subsidy for user losses will add three confirmations to payment transfers

On November 8, Binance co-founder He Yi stated that a user mistakenly transferred coins while using two separate apps. She will personally cover the user's loss and plans to add three confirmations to the Binance Pay transfer process to prevent similar incidents from occurring again.

He Yi explained that Binance cannot directly transfer funds from other users' accounts; due to historical compliance reasons, Binance operates three independently developed regional sites whose product architectures and business models differ from the main Binance platform, primarily focusing on local fiat trading.