Binance Completes Over 120 Internal Investigations, Binance Co-founder Yi He Announces During Live Broadcast

During a live broadcast at Binance Square, Yi He, alongside the YZi Labs team, addressed public concerns regarding Binance's coin listing processes and the operations of YZi Labs. The event, titled "The Melon Owners Collectively Appear to Face Doubts About YZi Labs' Investment and Binance's Coin Listing!" provided a platform for transparency and direct responses to the community's inquiries.Details of Internal Audits and ViolationsYi He disclosed that over the past two years, Binance's internal audit team has been vigorously active, conducting more than 120 investigations into various internal violations. These efforts have led to dismissing over 60 employees found in breach of company policies and recovering over US$30 million in illegal gains. The seriousness of these violations has also resulted in at least two ongoing lawsuits and prosecutions, highlighting the stringent measures Binance is taking to maintain its integrity and trust within the crypto community.