Binance Co-Founder He Yi: Community Reward Campaigns Require Regulatory Approval

Binance co-founder He Yi said on November 1 that the exchange's community rewards campaign is pending regulatory approval and will only launch after regulators complete their review, expected when offices reopen tomorrow. She clarified that no cash voucher campaign is currently running and warned users to beware of phishing and scam links. The statement follows Binance's earlier denial of widely circulated claims that it was pausing withdrawals and compensating users $150, saying screenshots of the alleged announcement had been doctored. The episode highlights how quickly unverified claims about Binance operations can spread and force official responses, with reputational and user-trust implications for the world's largest crypto exchange. Watch for confirmation of the rewards program's launch once regulatory sign-off is granted, and for any further official statements addressing the withdrawal-compensation rumors.