Binance’s Yi He warns suspicious USDT deposits could trigger fund freezes

Binance co-founder Yi He has warned Chinese-speaking cryptocurrency users against transferring funds linked to questionable deals in Myanmar, Cambodia and informal USDT transactions, saying suspicious deposits could result in law enforcement freezes. Summary Yi He warned Binance users against suspicious USDT deals and transfers involving Myanmar and Cambodia. Binance says compliance systems can flag risky cryptocurrency addresses before deposits reach the exchange platform. Users receiving funds for friends or relatives may face additional source-of-funds checks under existing procedures. Law enforcement freezes can involve lengthy investigations, with Binance unable to independently release restricted assets. The warning came during Binance’s withdrawal restoration following its major October 29 cryptocurrency security breach. In a post on X, Yi He identified several situations in which customers should avoid sending cryptocurrency to Binance. Her examples included discounted USDT purchased from friends, tokens received through relatives, business proceeds from Myanmar, payments collected in Cambodia and funds temporarily moved through accounts on behalf of other people. The warni...