Binance and OKX Bosses Trade Jabs Over User Losses

Binance co-founder Yi He publicly criticized OKX CEO Star Xu over stuck tokens, retaliating hours after Xu raised concerns about Binance's UID transfer system. The exchange executives traded barbs over user losses tied to the two platforms' differing handling of transfers and token access. The dispute centers on how each exchange manages user assets during transfers, with both sides pointing to losses suffered by customers. The public spat matters because it highlights growing scrutiny of transfer mechanics and user protections at the world's largest exchanges. Traders will watch whether either exchange adjusts its UID transfer or token recovery processes in response.