Yi He, one of the founders of the exchange, responded to the allegation that Binance fired an executive of the crypto monitoring team for detecting some manipulation. Yi He, who is also the ex-wife of former CEO CZ, who was sentenced to 5 months in prison by US courts, responded to the Wall Street Journal’s news on her X account.

“We are very strict about this”

Stating that they do not target any fund, Yi He said:

“We have been monitoring the MM market and we are very strict. We do not target any fund; There is competition among MMs, and the means are very shady. You can buy PR as you like, but don’t get close to me; We will ensure our own fairness and not participate, but we will also report truthfully to the monitor and other regulatory authorities.”

The WSJ reported today that the Binance exchange fired an executive who detected manipulations by DWF Labs. In the article, it was also written that Binance’s relevant unit manager was fired from Binance because DWF Labs was thought to be working with its competitors and therefore slandered the company.