Binance's anxiety: Encryption is difficult to retain innovators

Gu Yu<br /> After experiencing FTX bankruptcy, stricter supervision and multiple rounds of industry reshuffle, existing leading companies in the encryption field no longer use lack of funds to explain their current difficulties. These giants not only have a large user base and a complete technical architecture, but also accumulate considerable cash reserves and continue to carry out M & A and investment activities. On October 6, Binance co-founder He Yi said frankly at the Chinese AMA session of the smart product launch conference: "Our core challenge lies in the talent gap. Even if not all candidates finally join, they will inevitably go through the screening process, but the talent craving is always a reality. "It is worth noting that this assertion is not the first time that it has appeared. In December 2025, when He Yigang took office as co-CEO, he pointed out that the primary problem facing Binance is still "talent density." The talents it needs must have both financial product design capabilities and blockchain technology understanding.