He Yi: Binance will fully bear user losses, welcomes top AI security experts to join

Binance co-founder Yi He said the exchange will fully absorb user losses tied to its recent security incident, pledging that affected balances will be covered even though a large shortfall could legally justify bankruptcy. She acknowledged criticism of Binance’s security and permission management, saying the company accepts the feedback and is rebuilding its security boundaries around zero-trust and least-privilege principles across departmental permissions, security environments, device refreshes and AI tool resets. Binance chose to disclose details of the incident despite advice from many professionals to withhold them before the report’s release, arguing transparency builds trust and that the findings offer lessons on social engineering attacks and AI permission boundaries. The exchange said a security audit will follow with a report, and Yi He invited top AI security experts to join Binance.