Binance co-founder He Yi clarified on the X platform that the Tongzhou Plan is intended as a relief fund, not compensation. The initiative aims to support local users whose losses exceed 30% of their total assets, providing them with essential aid. He Yi emphasized that compensation has already been issued for users affected by the three de-anchored trading pairs, and the company will address its own issues while expressing regret over market-induced losses. He Yi warned users to be cautious of scams falsely claiming to offer compensation or protection. She advised those who believe they are eligible for the relief fund to contact customer service for review. The platform will not include users who suffer normal losses or threaten legal action in the relief fund. Due to the large user base, Binance plans to review all user details within a week.
Binance's He Yi Clarifies Tongzhou Plan as Relief, Not Compensation
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