[He Yi: Binance Community Rewards Program Requires Regulatory Approval; Users Warn of Scams] On November 1st, Binance co-founder He Yi stated that Binance's community rewards program requires regulatory approval and will only launch after the regulatory authorities complete their review and approval process tomorrow. He Yi stated that there are currently no cash coupon programs and reminded users to be wary of phishing and fraudulent links. Binance has denied the claim of suspending withdrawals with a $150 compensation, stating that the relevant screenshots have been altered.