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

ChainCatcher news, He Yi responded to the "data modification" issue 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. You are welcome 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 K-line issue has no motive or reason; it was purely someone on the team getting overly excited, thinking the announcement had explained everything clearly. The only impact is that, aside from when the order book is empty, 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: "As the number of people increases, it's hard to manage the team. If I let go and give it to the team, I have to come out and apologize and clean up. Binance is still the same Binance; execution indeed needs to be polished, polished, and polished again."