Binance co-founder cautions against depositing discounted USDT
He Yi said suspicious USDT deposits may be frozen after arriving at Binance, even when addresses were flagged beforehand.
He Yi said suspicious USDT deposits may be frozen after arriving at Binance, even when addresses were flagged beforehand. Tether (USDT) is trading at ₹94.21 ($0.9995). This is an original Token Times brief based on reporting by Live Bitcoin News, with live market data added, as of Sun, 15 Nov 2026 02:45:01 UTC.
The warning highlights how tainted or suspect funds can trigger compliance intervention before users can recover balances, making the origin and pricing of USDT deposits especially important.
- He Yi urged users to avoid sending discount USDT to Binance
- Flagged addresses may be identified before suspicious funds arrive
- USDT remains close to parity at $0.999568
- Crypto markets are amid broad selling and Extreme Fear
- Binance Co-founder cautions against sending discount USDT to exchange
- Binance co-founder cautions on USDT transfers tied to Myanmar and Cambodia
- Binance co-founder cautions against depositing discounted USDT — this brief
Binance co-founder He Yi warned on November 8, 2026, that users should not deposit discount USDT or other funds of questionable origin into Binance. In a Chinese-language post, she said suspicious addresses may already have been flagged before the funds arrive, according to Live 
Bitcoin News.
Her warning focused on the possibility that such deposits could lead to law-enforcement freezes. The report said Binance cannot stop certain freezes, although the available summary did not provide further detail about how the platform handles flagged addresses or affected user withdrawals.
The caution comes as 
Tether continues to trade near its dollar peg. Live data show USDT at $0.999568, up 0.04% over 24 hours and 0.05% over seven days. DeFiLlama places its circulating supply at $175.34 billion, while the quoted USDT market capitalization is $175.32 billion.
The broader crypto market is under pressure amid the warning: total market capitalization stands at $2.23 trillion, Bitcoin has fallen 6.18% over 24 hours, and the Fear & Greed index is at 10, labelled Extreme Fear. The combination of stressed market conditions and concern over the provenance of discounted stablecoins makes exchange deposit compliance and the potential freezing of funds a relevant area for users to monitor.
While USDT itself remains close to $1, the warning is not about a reported change to Tether’s peg or reserves. It concerns the risk associated with transferring funds acquired at a discount or from a suspicious origin to a centralized exchange, where law-enforcement action could interfere with access to the deposited balance.
Since this brief published about 5 hours ago, Tether (USDT) has moved from ₹94.22$0.9996 to ₹94.21$0.9995 — -0.01%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹104.6 (about $0.9995), up 0.0% over 24 hours. The rupee itself trades about 11.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 15, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance co-founder cautions against depositing discounted US — questions & answers
What did He Yi warn Binance users about?
She warned against depositing discount USDT or other suspicious-origin funds because transfers may face law-enforcement freezes.
Can Binance prevent law-enforcement freezes?
The Live Bitcoin News report said Binance has no power to prevent such freezes, though it provided no further detail.
Is USDT currently trading below one dollar?
Yes. Live market data place USDT at $0.999568, a distance of roughly 0.04% below parity.
How much is 1 Tether worth in rupee today?
About ₹104.6 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9995. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Live Bitcoin News. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.