HE1: Lumberlady is not a Binance user; we do not serve U.S. persons and entities

BlockBeats News, January 28, Binance CEO Changpeng Zhao responded to Cathie Wood's investment fund's significant losses in cryptocurrency assets, stating, "Cathie Wood is not a Binance user, we do not serve Americans or US entities, sorry."

On January 26, Cathie Wood, CEO of Ark Invest, pointed out on Fox Business that Bitcoin's recent peak-to-trough decline was influenced by a $28 billion deleveraging event caused by a Binance software glitch on October 10 last year. This statement sparked community discussion and controversy about Binance's role in the October 10th crash.