PANews reported on October 20th that Binance co-founder He Yi issued a clarification on the X platform:

1. The Tongzhou Plan is based on the logic of relief funds, not compensation; it is to allow some users who are struggling to make a living to have something to eat.

2. The Tongzhou Plan targets local users whose losses exceed 30% of their total assets.

3. For users affected by the three de-anchored trading pairs, compensation has been issued. We will take responsibility for our own problems, but we regret the losses caused by market fluctuations.

4. If you believe you are receiving compensation or are covered by the subsidy announcement, you can raise the issue with customer service and await review. For users who suffer normal losses or threaten the platform by inciting legal action, they will not be included in the relief fund. Due to the large user base, we will review all user details after one week.

5. Currently, many cases of manipulating user emotions, falsely claiming to protect rights but actually extorting money, and demanding assistance and money have been verified to be false. Be careful not to be deceived.