TechFlow news, Binance co-founder and CMO, head of Binance Labs, He Yi participated in an online dialogue at "POW'ER 2023 Hong Kong Web3 Innovators Summit," stating that she did not expect FTX to be so reckless. It was only after reading the CoinDesk article that they realized the severity of the issue. At that time, they didn't yet know that FTX had completely misappropriated user assets; previously, they merely thought FTX was spending too extravagantly.
In addition, He Yi mentioned that Binance has particularly strict internal controls. Within Binance, no employee—regardless of their position—is allowed to trade cryptocurrencies; after purchasing, they must hold for at least 90 days before being permitted to trade. Source link
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