Binance Co-Founder Yi He Fires Back: "We're Not to Blame for Crypto Crashes!"

"We Have Problems, But We're Not Market Makers!"

Hold onto your hats, crypto fans! Binance co-founder Yi He just dropped a bombshell, saying the exchange can't be held accountable for the wild rollercoaster rides of coins listed on its platform. This fiery clapback comes hot on the heels of several tokens taking a nosedive in trading.

"We're Working on It, But Don't Blame Us!"

In a no-holds-barred post, Yi He admitted that Binance is far from perfect and the team is grinding 24/7 to level up the exchange's game. But she's not having it with critics pointing fingers at Binance for the brutal beatdowns of freshly listed tokens.

"We've Got Issues, But We're Not Puppeteers!"

"Yeah, we've got our fair share of problems, but Binance isn't pulling the strings on the rise and fall of every damn coin out there. We've got a laundry list of things to fix in our products and ops," Yi He declared in her straight-from-the-heart post.

"I'm Tired of Being the Scapegoat!"

While she gets where the haters are coming from, Yi He is straight-up exhausted by the relentless witch hunts and blame games aimed at Binance in the cutthroat crypto world. She's comparing the constant finger-pointing to traders throwing a tantrum and blaming the exchange for things way out of their control.

"Prove Your Innocence? Not Good Enough!"

"It's not enough to clear your name and say sorry. The moment you're in the spotlight, they'll slap you with the next crime and parade you through the streets with drums and gongs," Yi He vented, adding that she's "tired" of the never-ending accusations.

Tokens Tumble, Traders Point Fingers

Yi He's epic rant came after a string of altcoins took a brutal beating on Binance, losing between 20% and 50% from April 1 to April 3. The tokens that got slammed include ACT, TST, MASK, and LEVER. The latest victim? CATI, the native token from TON mini-game Catizen, which plummeted over 20% in just 45 minutes during trading on April 3.

Altcoins Take a Beating, ACT Team Investigates

On April 1, altcoins were dropping like flies on the Binance trading platform. The ACT/USDT pair crashed nearly 50% in a mere 30 minutes, while DEXE/USDT tanked over 23%, and DF (DF) took a 16% hit. The ACT team is now on the case, launching an investigation into the token's sudden nosedive.

The Bloodbath Continues

The next day, ACT and DF kept bleeding, falling 64% and 36% respectively. LEVER and MASK trading pairs also got hammered, with LEVER/USDT dropping 28% and MASK/USDT taking a 29% hit. Traders are buzzing that these brutal drops are the result of mass sell orders hitting the platform all at once.

Binance in the Hot Seat

This has sparked a firestorm online, with traders blasting Binance for the token takedowns and comparing its performance to rivals like Coinbase and Bitfinex.

Market Dominance and Lack of Transparency?

"The current backlash against Binance is all about its market dominance and the shady lack of transparency in its operations," one trader spilled.

Has Binance Taken Responsibility?

"Has Binance owned up to what happened with ACT?" another trader demanded in Chinese.