He Yi responded to the doubts about "modifying K-line data": Binance's reference price aims to avoid extreme prices on a single platform

ChainCatcher news, He Yi responded to the issue of "data modification" in a post on platform X, stating: "If you have traded on Binance, you can compare it with the liquidation price of the same project. Binance contracts take the marked price, which is the weighted average price after excluding extreme prices from multiple platforms. Feel free to verify it yourself. Historically, some platforms take their own prices, making it easy for users to be liquidated by the fluctuations of the spot market, which can lead to the perception that the platform is acting maliciously; therefore, one of the innovations of Binance contracts is to use the marked price for liquidation to avoid extreme prices from a single platform. The issue with the K-line has no motive or reason; it was entirely due to someone in the team getting overly excited, thinking the announcement had explained everything clearly. The only impact is that, aside from when there is a vacuum in the order book, a user's historical order from a few years ago made a few dozen dollars."

In addition, He Yi also responded to community users asking "why change the K-line," stating: "When there are more people, it's hard to manage the team. If you let go and give the team freedom, then you have to come out and apologize and clean up the mess. Binance is still the same Binance; execution indeed needs to be polished, polished, and polished again."