He Yi responds to user blocking controversy: VPN involved, triggering risk control, account switched to cash withdrawal mode

Regarding user reports of account suspensions, Binance co-founder He Yi stated on the X social media platform that the situation may be due to using a VPN to connect to countries or regions where Binance does not provide services. The system has switched the account to "withdrawal-only mode," and users need to contact customer support for assistance. Previously, some users reported experiencing account restrictions or asset freezes on Binance and other exchanges. Binance emphasized that it is continuously increasing its investment in compliance and implementing risk control measures in accordance with regulatory requirements.