Post · @king_steph10051
A closer look
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Yi He just stepped up to personally reimburse a user who lost over ten thousand dollars in a transfer blunder, wrapping up a heated public debate with OKX chief Star Xu. The drama started when a user named HODL Kitty mistransferred funds via UID on February 4, with records citing either 10,398.77 or 11,398.77 USDT.
Yi He explained that the user tried sending assets from Binance main site to its Thailand branch using a UID instead of an address, noting that separate site accounts do not support direct cross-site UID transfers. That explanation drew direct criticism from OKX CEO Star Xu, who argued that exchange systems should be designed to prevent such user errors rather than blaming customers.
Yi He pushed back, pointing out that cross-site transfers are not supported anyway, while also citing a separate case where an OKX DEX user got stuck unable to sell tokens. On the afternoon of the 8th, Yi He stated on X that while the exchange cannot seize funds from another account, she will personally cover the user's losses and introduce a third confirmation step for transfers.
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Yi He just stepped up to personally reimburse a user who lost over ten thousand dollars in a transfer blunder, wrapping up a heated public debate with OKX chief Star Xu. The drama started when a user named HODL Kitty mistransferred funds via UID on February 4, with records citing either 10,398.77 or 11,398.77 USDT.
Yi He explained that the user tried sending assets from Binance main site to its Thailand branch using a UID instead of an address, noting that separate site accounts do not support direct cross-site UID transfers. That explanation drew direct criticism from OKX CEO Star Xu, who argued that exchange systems should be designed to prevent such user errors rather than blaming customers.
Yi He pushed back, pointing out that cross-site transfers are not supported anyway, while also citing a separate case where an OKX DEX user got stuck unable to sell tokens. On the afternoon of the 8th, Yi He stated on X that while the exchange cannot seize funds from another account, she will personally cover the user's losses and introduce a third confirmation step for transfers.