PANews reported on October 15th that Binance co-founder He Yi posted a statement on the X platform addressing the "data modification" issue. She stated, "If you've traded on Binance, you can compare the liquidation price of the same project. Binance Futures uses the mark price, which is the weighted average price of multiple platforms after eliminating extreme prices. You are welcome to verify it yourself. Historically, some platforms have used their own prices, which can easily cause users to be squeezed by the spot market and be perceived as malicious by the platform. Therefore, one of Binance Futures' innovations is to use the mark price for liquidation to avoid extreme prices on a single platform. There's no motivation or reason for the K-line issue; it was entirely the result of someone on the team acting rashly, assuming the announcement had explained everything clearly. The only impact was that, apart from the period of market stagnation, one user made a few dozen dollars from a historical order placed several years ago."

He Yi also responded to a community user's question about "why the K-line chart needs to be changed." She said: "With so many people, it's hard to lead a team. If you let the team go, you have to apologize and clean up the mess. Binance is still Binance, and the execution really needs to be polished again and again."

https://x.com/heyibinance/status/1978179654755475567