He Yi responds to user lockdown controversy: Involving VPN triggers risk control, account switched to withdrawal mode

Regarding the issue of accounts being restricted as reported by users, Binance co-founder He Yi stated on the X social platform that the situation may be due to using a VPN to connect to Binance from countries or regions where services cannot be provided. The system will adjust the account to "withdrawal-only mode," and users need to contact customer support for assistance.

Previously, some users claimed that they had encountered account restrictions or asset freezes on Binance and other exchanges. Binance emphasized that it is continuously increasing compliance investments and implementing risk control measures in accordance with regulatory requirements.