He Yi responds to Binance's "data modification" controversy: Marked price is to prevent extreme risks, team execution lapses led to misunderstandings

On October 15, PANews reported that Binance co-founder He Yi responded on the X platform to the recent controversy over "data modification," addressing community concerns head-on. She clearly stated that Binance contracts use a marked price mechanism, rather than a single platform price; this price is a weighted average that integrates data from multiple platforms and excludes extreme values, allowing users to verify by comparing the liquidation prices of the same project.

He Yi further explained that this mechanism is an innovative design of Binance contracts, with the core purpose of avoiding the issue where users are maliciously liquidated when extreme prices occur on a single platform—previously, some platforms used their own spot prices for settlement, often leading users to question platform malfeasance after liquidation, while the marked price can minimize such risks to the greatest extent.

Regarding the community's focus on the "modified K-line" issue, He Yi admitted there was no subjective motivation; the essence was an internal lapse within the team: a member mistakenly thought the relevant announcement had clearly explained the situation and acted independently, causing controversy, ultimately resulting in only one impact—during a vacuum period with no trading on the order book, a user benefitted by dozens of dollars from a historical order placed years ago, without causing a broader impact.

In response to users' inquiries about "why the K-line modification issue occurred," He Yi also candidly reflected: "As the team has grown larger, the difficulty of management has also increased. Previously, we allowed the team to push forward with work, but when problems arise now, we should stand up to apologize and address the situation. Binance's core stance and mechanism have not changed, but the execution details of the team do need to be repeatedly refined and optimized. #币安HODLer空投ENSO