Binance Co-Founder He Yi: Candlestick Data Error Was Internal — Mark Price Prevents Flash Liquidations

On October 15, COINOTAG reported that Binance co-founder He Yi addressed the alleged data tampering event on X, clarifying that Binance Futures employs the mark price — a weighted average excluding extreme quotes across venues — as the trigger for liquidation. He explained this mechanism reduces the risk of abrupt flash crash liquidations tied to a single platform’s price feed. He described the candlestick incident as an internal operational error without malicious intent, stating the only measurable effect was that a few historical orders produced marginal gains when the order book was empty. The account emphasizes established exchange risk-management practices and adherence to price integrity and execution transparency.