He Yi said that the Binance prediction market wallet audit is still underway and that some new hot wallets may have been mistakenly counted by tools as fund outflows.
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He Yi: Binance prediction market wallet audit is still underway; some hot wallets may have been miscounted as outflows
PANews November 1 reported that Binance Co-Founder He Yi replied to a user on X, saying that the security audit between the prediction market’s independent module and the Binance main platform wallets is still underway, and the restoration of the relevant functions will be given lower priority. She also said that some new Binance hot wallet addresses appear to have been counted by tracking tools as fund outflows, and suggested cross-checking with multiple tools. Original text:https://x.com/heyibinance/status/2116853909281222990
PANews reported that Binance Co-Founder He Yi replied to a user on X.
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He Yi said that the security audit between the prediction market’s independent module and the Binance main platform wallets is still underway.
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He Yi said that restoration of the relevant functions will be given lower priority.
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He Yi said that some new Binance hot wallet addresses appear to have been counted by tracking tools as fund outflows.
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He Yi suggested cross-checking with multiple tools.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The audit has not yet concluded, and the relevant functions will not be restored as a priority. At the same time, some of the “fund outflows” shown by the tools may simply result from errors in identifying or counting new hot wallet addresses, requiring cross-checking with multiple tools.
Why it matters to readers
The audit progress affects when the relevant functions can be restored; whether the hot wallet statistics are accurate will also affect external assessments of Binance’s fund movements.
When beginners see “fund outflow” data, they should not rely solely on a single tracking tool, but can wait for cross-checks across multiple tools and the audit results.
Risks and unknowns
The specific scope, completion time, and results of the audit have not been disclosed.
The original text does not specify which new hot wallet addresses were miscounted or how much money was involved.
There is still no cross-checking result from multiple tools supporting that some hot wallets were indeed miscounted.
The material does not state whether any funds were lost or whether a security incident occurred.
It remains uncertain when the relevant functions will be restored.
Related Developments
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Related concepts
Hot wallet
A wallet kept connected to the internet for convenience, better suited to everyday scenarios such as frequent transactions.
