He Yifa wrote a long article listing Xu Mingxing's "six sins," accusing him of deliberately manipulating public opinion to suppress Binance

Binance co-founder He Yi (@heyibinance) published a lengthy article on the X platform on April 10, directly responding to a series of accusations made by OKX founder Xu Mingxing (@star_okx) against CZ and Binance. In the article, He Yi refuted each point, stating that Xu deliberately blamed Binance for the significant market drop on March 11, defined the BNB chain meme as market manipulation by Binance, hired online trolls to suppress competitors, and engaged in "six tactics" such as creating controversies to drive traffic to himself. He bluntly stated, "You really know how to attack a professional woman," emphasizing that his position is earned through independent hard work and is unrelated to anyone else.

At the end of the article, He Yi also responded strongly to personal attacks against him, stating, "You really know how to attack a professional woman, just by stigmatizing 'she is where she is because of a man,' deliberately creating scandalous rumors, and belittling me as 'a trophy,'" and emphasized, "My identity is not given by anyone; I built my own empire. I came, I saw, I conquered; this applies to both my career and my relationships."

Previously, CZ (@cz_binance) had posted about Xu Mingxing's public $1 billion bet, demanding that he "apologize like a man." Xu Mingxing responded by stating that CZ's public initiation of a huge bet contradicts the professional ethics expected of executives at regulated exchanges. The debate between the two parties is still ongoing.