Binance co-founder He Yi said a public-opinion campaign following the exchange’s hot-wallet theft could damage confidence in the wider crypto industry, not only Binance, BlockBeats reported on Nov. 4.
Claims of coordinated narratives
He Yi said, “Fanning the flames will only drive everyone away and reduce confidence in the industry.” Binance founder CZ had earlier described the coverage as “another attack against Binance.”
A report cited by BlockBeats counted 1,083 accounts publishing 11,700 hostile posts over roughly 78 hours from Oct. 30 to Nov. 2. It said the posts generated about 20.93 million impressions, with 79.6% in replies, and that 3,354 posts were judged false across 15 rumor categories.
The cited report described simultaneous narratives on X around alleged insider involvement, insolvency, a “second FTX,” withdrawal fears and exaggerated net outflows. Those figures and characterizations are attributed to the cited report and were not independently verified in the BlockBeats item.
Source: BlockBeats, published Nov. 4, 2026.