He Yi says Binance still needs formal process to recover $3 billion in frozen assets

Binance co-founder He Yi said in a reply to a community user last night that the current $6.3 billion has already covered all stolen assets, while another $3 billion remains frozen and still has to be recovered through a formal process. She made the comment while responding to questions about Binance’s solvency. In the same message, He Yi thanked users who have been paying attention to the exchange’s ability to meet its obligations. Her statement drew a distinction between assets that are already sufficient to cover losses and assets that are frozen and pending recovery through official procedures.