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Market News

Binance Co-Founder Rallies Support Amid Company Controversy

Written By Iyiola Adrian
Published December 10, 2023 9:36 PM
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Binance Co-Founder Rallies Support Amid Company Controversy

Yi He,  the co-founder of leading cryptocurrency exchange Binance, took to social media over the weekend to defend the company amid recent controversy. 

Posting on X on Saturday night, she shared data showing Binance at the top of exchanges by assets and trading volume. She quoted the tweet, telling the crypto community to “do your own research” and dismissing critics spreading doubt about Binance as “jokers.”

Alarmist talk will not kill Binance, it will only make more people stand with Binance. Because this is an era of highly transparent information, if you want, you can #DYOR!
Technology changes the world. https://t.co/zqieqfvAbb

— Yi He (@heyibinance) December 9, 2023

Her comments come after a turbulent few weeks for Binance and fellow co-founder Changpeng Zhao. Zhao recently stepped down from his role as Binance CEO and from the board of Binance’s U.S. affiliate.

This follows Binance and Zhao agreeing to pay approximately $175M in fines after pleading guilty to money laundering charges in the U.S.  

Yi He has been involved with Binance since its founding but her exact role has been unclear. She previously described herself as a “Chief Customer Service Officer,” confusing some customers as she claimed in 2022 not to manage customer service operations.

Little is also known about her personal relationship with Zhao. However, a 2022 Reuters report revealed they have two children together and are romantic partners – details Zhao asked the media not to publicize.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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