Binance Co-Founder Unveils Shocking Truth Behind Crypto Price Plunges

Binance co-Founder Responds to Token Decline Criticism

Yi He, co-founder of Binance, has addressed the criticism surrounding the platform’s role in the decline of several listed tokens.In a recent post,Yi He acknowledged the platform’s ongoing issues but emphasized that binance cannot be held accountable for the performance of all listed coins.

She stated, “we have many problems, but Binance cannot be responsible for the rise adn fall of all coins. There are many areas that need improvement in products and operations.” Yi He understands the critics’ concerns but feels exhausted by the constant accusations.

Several altcoins experienced significant declines on Binance between April 1 and april 3. Tokens like ACT, TST, MASK, and LEVER saw drops ranging from 20% to 50%.The most recent token to experience a sharp decline is CATI, the native token from TON mini-game Catizen. CATI fell by over 20% during trading on April 3.

Traders have speculated that the sharp drops are due to mass sell orders executed together on the platform. This has led to many blaming Binance for the token downfalls and comparing its performance to platforms like Coinbase and Bitfinex.

Yi He compared the situation to a “witch hunt,” where traders place blame on the crypto exchange for things out of their control. she added, “It is indeed not enough to prove your guilt and apologize. as soon as you are involved, you will be charged with the next crime and paraded through the streets with drums and gongs.”

Despite the criticism, Yi He remains committed to improving Binance’s performance. She encourages traders to focus on the platform’s ongoing efforts to enhance its products and operations.