He Yi Says Cases Involving Judicial Freezes Have Entered Litigation

Binance co-founder He Yi said cases she referenced while discussing judicial freezes had entered litigation in a Nov. 13 post that named no cases or jurisdiction.

He Yi wrote that financial institutions cooperate with judicial freezes, that related cases had entered litigation and that evidence gathering was clear. She did not name a court, agency or affected account.

The statement followed her Nov. 8 warning that certain deposits could face law-enforcement freezes Binance lacked authority to lift. In a Nov. 8 warning, He Yi urged users not to send Binance discounted “U” from friends, crypto sent on-chain by relatives, money from business in Myanmar or a friend’s funds briefly passing through an account. She also mentioned collections in Cambodia.

He Yi said Binance’s compliance team could identify those patterns and that related addresses may already have been flagged before funds arrived. She also said Binance lacked authority to lift law-enforcement freezes.

Government agencies can submit information requests through Binance’s public law-enforcement portal. Binance reviews requests individually and cooperates as required by law; the public description does not identify a freeze connected to He Yi’s posts.