He Yi, the co-founder and CMO of Binance, and the head of Binance Labs, participated in the online chat of "POW'ER 2023 Hong Kong Web3 Innovators Summit", and said, "I didn't expect FTX to be so crazy at that time. I realized the problem only after reading CoinDesk's article. At that time, we didn’t know that it was a complete misappropriation of users’ assets, and we felt that FTX spent too much money before.” In addition, He Yi said that "Binance has very strict internal controls. No matter how senior employees are in Binance, they are not allowed to speculate in coins. After buying, they must be held for more than 90 days before they can be traded."