Binance's Yi He Warns of Fake $150 Compensation Claims Ahead of Monday Review

No Cash Voucher Campaign Is Live

Binance cofounder Yi He told users on Sunday, November 1 that no cash voucher campaign is running on the exchange, urging the community to treat every reward link circulating on social media as a potential phishing attempt. In her post she stated that Binance's community rewards campaign requires regulatory approval and will go live only after the regulator reviews and approves it, a process she expects to begin once offices reopen on Monday, November 2. That leaves the exchange without any live promotional payout today, which means any message claiming a Binance reward, refund or voucher can be ruled out by that fact alone. She closed her warning with a direct appeal to put safety first, aimed at users who might click a claim link before checking whether the campaign even exists. Phishing waves of this kind borrow the credibility of a large brand and the anticipation around a real promotional program, and the timing here is no accident: the exchange is emerging from a security incident that kept withdrawals suspended and left many users unsure which notices are genuine. For readers unsure which sign-in and notice paths are official, a Binance account guide walks through the legitimate channels step by step.

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Fake $150 Compensation Claims Circulate

The bait behind the warning is specific. A widely shared X post claimed that a user had received a $150 withdrawal-suspension compensation notification in the Binance reward hub, with payments supposedly being rolled out to active users first, and that claim is what drew the cofounder's clarification. Eowyn Chen, the exchange's interim CMO and former CEO of Trust Wallet, published a parallel alert stating that there is no compensation for the withdrawal suspension, and urged users to follow updates from official Binance accounts only. Responding to Chen's post, X user @williamclay said the “free $150 compensation” screenshots circulating are fake, adding that there is no compensation for the pause and that any “check your reward hub” or claim link should be treated as a scam. The claims are landing against the backdrop of a real operational event: Binance began restoring customer withdrawals on Sunday after hackers attempted to drain more than $6 billion in what would have been the biggest cyber theft ever recorded. Withdrawals had been suspended as a precaution while the company contained losses, assessed the impact, restored services and completed security checks. No confirmed loss figure has been published, and the $6 billion describes what the attackers attempted to move, not a verified theft. Per the exchange's official updates, withdrawals are live again for BTC on the Bitcoin network; ETH, USDT and USDC on Ethereum; BNB, USDT and USDC on BSC; XRP; SOL, USDT and USDC on Solana; DOGE; TRX and USDT on TRON; AVAX, USDT and USDC on the Avalanche C-Chain; and POL, USDT and USDC on Polygon, alongside ZEC on its native network, USDT and GRAM on TON, SUI, ETH and USDC on Base, ETH, USDT and USDC on OP Mainnet, and ARB, ETH and USDT on Arbitrum. The pause had covered essentially every major asset the exchange lists, and restoring all of these routes in a single day marks the operational recovery phase of the incident.

Why the Scam Wave Works

The two events reinforce each other, and that is what makes the current lures convincing. A withdrawal pause creates genuine uncertainty about which notices are real, and a promised payout for that same suspension is the most credible bait a scammer can offer. Yi He's post also sets a verifiable timeline for anyone who checks: no rewards exist today, and any campaign that does launch will be announced only after Monday's regulatory review through official channels. Until then, every $150 payout claim, reward-hub credit or cash voucher notice can be dismissed on the record she set out. The residual risk is copycat timing, since the same lures may return dressed as reopening celebrations once all services are fully back; the verification rule does not change with the branding.