Binance Conducts Over 120 Internal Investigations and Recovers $30 Million

Binance is addressing public concerns regarding its coin listing processes and transparency. Co-founder Yi He announced during a live broadcast that the company has conducted over 120 internal investigations in two years, resulting in the termination of more than 60 employees for policy violations.

Binance recovered at least $30 million in illegal gains.
Legal action is ongoing in two severe violation cases.
YZi Labs operates independently, with Ella Zhang as the new leader and oversight from Binance founder CZ.
Yi He encouraged users to report suspicious activities to Binance’s Internal Audit team.
The company is committed to taking legal action against misconduct.

Yi He clarified that listings on Binance Futures do not guarantee main exchange listings and emphasized the company's openness to criticism and public oversight.