Binance releases proof of reserves data for ten cryptocurrencies

Binance co-founder Yi He stated that the exchange’s primary objective is to secure its environment before enabling user withdrawals and resuming operations. In a post on X, she addressed concerns by distinguishing Binance from fraudulent entities and collapsed rivals like FTX. He argued that unlike opaque platforms or banks that vanish with user funds without warning or explanation, Binance maintains transparency regarding its operations and account balances.

The accompanying headline also notes that oil prices declined amid expectations of a breakthrough in the Iran conflict, though the provided text focuses exclusively on He’s comments regarding Binance’s operational status and security measures.