He Yi links Binance freeze rumors to funds from Southeast Asian scam compounds

Binance co-founder He Yi has dismissed rumors that the exchange is indiscriminately freezing user funds to shore up liquidity, citing a warning she issued earlier in the week about receiving funds linked to Southeast Asian scam compounds. The Friday X post by the executive cited law-enforcement orders to explain any actions users might have noticed on their accounts, rather than the talk spreading on social media about a cash crunch at the exchange. Are the Binance liquidity rumors true? According to a post from the @DeFi8362 profile on X , a rumor that has gotten hot on X and the Chinese social media platform Douyin since Thursday afternoon claims that tens of thousands of Binance customer accounts had had assets frozen.

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