Binance’s Yi He discusses crypto listings, security, and daily emails to CZ
The post Binance’s Yi He discusses crypto listings, security, and daily emails to CZ appeared on BitcoinEthereumNews.com.
Recently, Binance’s registered users surpassed 200 million. This milestone led to an AMA session where co-founder Yi He addressed some major issues. She talked about crypto listings and delistings, Binance’s security challenges, and her routine of emailing CZ every day. Also Read: Cristiano Ronaldo and Binance Launch a New NFT Collection Yi acknowledged the concerns around wash trading and asset theft. She mentioned that Binance is constantly refining its security measures and delisting criteria for “zombie coins.” Additionally, she shed light on her daily routine, which involves working out, attending meetings, and spending time with her child. Security concerns and measures at Binance When it comes to user security, Yi was straightforward. “Absolute security doesn’t exist.” She stressed the need for continuous vigilance, not just from exchanges but also from users managing their assets through hardware or e-commerce wallets. Binance has invested heavily in security since its early days, learning from past mistakes. Binance learned some hard lessons in its early days and has invested heavily in security. Currently, our investment in security is an ongoing process. For instance, when a user clicked on a third-party plugin that led to asset theft, we enhanced our risk control standards and levels in this area. Yi He Binance uses big data to monitor major price fluctuations to fight against wash trading and then conducts manual confirmations. Yi acknowledged that, despite their efforts, the sheer number of trading pairs and profit-takers posed challenges. For those who suffered losses due to risky clicks, Binance set higher standards for their security and risk control teams. Yi He. Credits: Yi He Yi advised users to avoid clicking on suspicious links and use a separate, secure phone for trading accounts, especially those with huge assets. She also recommended downloading official app versions to avoid phishing scams. Despite…
Filed under: News - @ June 17, 2024 6:16 pm