Binance’s Yi He rejects FTX comparisons after $6.3B hack, operations still paused
AI summary
Binance co-founder and co-CEO Yi He rejected comparisons between the exchange and collapsed rival FTX after a $6.3 billion hack, saying full operations will only resume once security systems are confirmed safe. The pushback comes as Binance faces scrutiny over how it handled the breach and whether customer funds are secure. Traders will watch for the resumption of operations and any signs of withdrawals or confidence loss at the largest exchange.
