Binance's He Yi accuses OKX founder of attacking Zhao with lies

Binance co-CEO He Yi has fired back amid the ongoing dispute between OKX founder Xu Mingxing and Binance founder Changpeng Zhao. In a post on X, she strongly criticized Xu, demanding that he either apologize, face legal action, or admit to his falsehoods. He Yi stated that Xu's camp is manipulating public opinion by blaming Binance for the market crash last October and by repeatedly spreading lies. She also noted that they are attempting to brand Zhao as a scammer by framing even BNB Chain memes as market manipulation. He Yi further criticized Xu for using compliance to attack competitors while having unclear standards himself, adding that attacks on personal and family matters cross a line. She described the public criticism and attempts to damage the image of a competitor and former employee as problematic. The conflict escalated after Xu raised suspicions about Zhao's marital status, prompting Zhao to propose a $1 billion bet to refute the allegation.