He Yi responds to the "data modification": Binance contracts use mark price liquidation to avoid the impact of extreme market conditions on a single platform

On October 15th, Binance co-founder He Yi responded to the "data modification" issue on the X platform, stating, "You can compare the liquidation prices of the same project. Binance contracts use the mark price, which is the weighted average price of multiple platforms after eliminating extreme prices. Historically, some platforms have used their own prices, which can easily cause users to be squeezed by spot market fluctuations and may even be considered malicious by the platform. Therefore, one of the innovations of Binance contracts is to use the mark price for liquidation to avoid extreme prices on a single platform. There is no motivation or reason for the K-line issue; it is entirely an internal team operation. I thought the announcement had already explained everything clearly. The only impact was that, except for the period when the market was empty, one user made tens of dollars on a historical order placed several years ago."