According to ChainCatcher, on June 13, He Yi responded to questions on Twitter Space.
Regarding the previous cross-trading incident, Binance co-founder He Yi said that the product gave more consideration to user ease of use and was not strict enough. After learning from the experience and lessons learned this time, the current risk control standards and levels will be improved. At that time, price fluctuations were detected, but the risk control department felt that the problem was not serious and let it go. He does not believe that "friendly competitors" are committed to stealing.
Regarding the coin listing process, He Yi said that there are indeed contradictions. If FDV's large project is not listed, many people will criticize that "Binance doesn't even list such a hardcore technology"; many people will criticize that Binance lists small projects with so many problems. Any policy has loopholes, and the whole process is a battle of wits and courage. In the future, Binance hopes to allow blockchain to be used more by entrepreneurs through coin listing and investment incubation, rather than locking users into airdrops and trading scenarios.
Regarding the delisting of tokens, He Yi said that the review of tokens will look at whether the product is under development, whether it has liquidity, whether there are many negative factors, and the regulatory rules of various countries. The frequency of delisting has been lower recently. The fundamental reason is that the project parties in the bull market have become active (originally thought they were all dead), and there are special departments to monitor the projects that have been listed on a daily basis. In addition, we firmly oppose buying shells.
He Yi said that he would write emails to Zhao Changpeng every day and also take notes on his reading; his daily life mainly consisted of fitness, making phone calls (teleconference calls), and coaxing his children to sleep, which was very boring.
He Yi said: "We have also launched so-called "girlfriend coins" such as Hook, which are ridiculed by everyone. People say that its users are fake. Its users are indeed not typical cryptocurrency users. We also launched a game project that brought millions of registrations, but only 56 trading users. Binance is trying to see if it can bring some normal business models, and it will also endure some ridicule and failures in the process."