Binance overpayment controversy… Heo Yi promises personal compensation, announces third verification
Original headline바이낸스 오송금 논란…허이, 개인 보전 약속·3차 확인 예고
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Binance co-founder Yi He pledged to personally cover the losses of a user who claims funds were sent to the wrong account via a UID-based transfer on Feb. 4, and said Binance Pay transfers will add a third confirmation step. The dispute, raised by user "HODL Kitty," centers on UID transfers between Binance accounts, with the user saying police, lawyers and an embassy were enlisted after funds were not returned; reported transfer amounts vary across posts. The spat widened into a public exchange with OKX CEO Star Xu, drawing in a separate user complaint about being unable to sell tokens on OKX DEX. The case matters because UID transfers are a core exchange convenience, and the promised fix signals Binance is treating misdirected-transfer risk as a product gap. Watch whether the third confirmation is actually rolled out and whether Yi He's personal reimbursement sets a precedent for similar claims.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, Yi He, HODL Kitty, OKX, Star Xu