Binance’s He Yi Reveals $30 Million in Recoveries and Ongoing Investigations in U.S. Law Enforcement Coordination

On February 3rd, during a community Space, He Yi, the Co-Founder of Binance, revealed critical insights into the exchange’s compliance efforts. Binance has appointed two dedicated U.S. law enforcement coordinators to enhance its operational transparency amidst regulatory scrutiny. Over the past two years, the platform has vigorously pursued internal accountability through conducting more than 120 rigorous investigations. This proactive approach has led to the termination of over 60 personnel for committing various violations, thereby reinforcing Binance’s commitment to high ethical standards. Furthermore, the exchange has successfully recovered approximately $30 million in illicit gains, showcasing its dedication to combatting financial misconduct. Notably, Binance is currently engaged in two ongoing litigation and prosecution cases, underscoring the exchange’s serious stance on compliance and legal fidelity.