Binance co-founder, Yi He, has refuted allegations of a platform security breach leading to a $1 million loss from a user's account. The user, crypto trader Nakamao, claimed his account was manipulated through "counter-trading" without his Binance password or 2FA instructions. He blames the loss on unauthorized leveraged trades, which he says Binance failed to alert him about. Binance responded, stating that the hacker accessed Nakamao's account through a malicious plug-in, and that the exchange froze the account within "1 minute and 19 seconds" of receiving the request. However, Nakamao disputes this, alleging Binance was aware of the plug-in's existence and failed to act.