He Yi: Cathie Wood is not a Binance user, and Binance does not serve Americans and American entities

Binance CEO He Yi commented on the significant losses of Cathie Wood's fund in crypto assets, stating, "Cathie is not a Binance user; we do not serve Americans and American entities, which is offensive."

On January 26, ARK Invest CEO Cathie Wood pointed out in a Fox Business program that the recent pullback of Bitcoin from its highs was influenced by the $28 billion deleveraging event caused by a software failure at Binance during the 1011 crash. This statement sparked discussions and controversies within the community regarding Binance's role in the 1011 crash.