lockdown

Regarding the issue of accounts being restricted as reported by users, Binance co-founder He Yi stated on the X social platform that the situation may be due to using a VPN to connect to Binance from countries or regions where services cannot be provided. The system will adjust the account to "withdrawal-only mode," and users need to contact customer support for assistance.Previously, some users claimed that they had encountered account restrictions or asset freezes on Binance and other exchanges. Binance emphasized that it is continuously increasing compliance investments and implementing risk control measures in accordance with regulatory requirements.

ChainCatcher news, South Korean cryptocurrency exchanges Upbit and Bithumb have decided to compensate investors, with a total amount of approximately 3.5 billion won (2.4 million USD), to cover the losses caused by the network outage on December 3rd last year (the day South Korea announced martial law).Upbit will pay 3.1 billion won (about 2.2 million USD) to compensate for 596 system failure incidents, while Bithumb will pay 377.5 million won (about 264,000 USD) for 124 incidents. Other exchanges have no related cases. This incident is the largest in terms of affected users and compensation amount in the history of system failures of South Korean cryptocurrency exchanges.

According to Chain Catcher, an internal memo obtained by The Verge reveals that Meta's flagship metaverse virtual world social application Horizon Worlds has too many bugs, and the development team rarely uses the platform. The Horizon Worlds team has been instructed to maintain a "quality lockdown" for the remainder of the year to ensure that quality and performance issues are addressed first. (The Verge)