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Binance: Withdrawals for Some Users Disrupted Due to Technical Malfunction, Service Is Being Restored

Binance posted on the X platform stating that it has noticed some users are encountering cryptocurrency withdrawal issues due to technical errors. The technical team is working to restore normal withdrawal operations, and timely updates will be provided once full service restoration is completed. User funds are secured via the SAFU (Secure Asset Fund for Users) mechanism. Earlier, Binance's hot wallet was suspected of being compromised, with on-chain data indicating that related asset outflows could reach up to 5.6 billion USD. Binance previously stated that all user funds are fully secure, and the investigation into potential security issues is still ongoing.

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Bithumb to List MAGMA Token on KRW Market

According to the official announcement, South Korean crypto exchange Bithumb will list the MAGMA token on its KRW market. The exact trading launch time will be subject to the official announcement.

Former Claude Code Product Lead Announces Joining OpenAI

Cat Wu posted on social platforms to announce that she has joined OpenAI as the Head of Product Management for Core Products. She previously worked at Anthropic for two years, and was involved in the development of products including Claude Code, Cowork and Tag. She stated that when she joined Anthropic, Claude Code was merely an internal tool, and she subsequently participated in the evolution of the product, noting that last Friday was her last working day at Anthropic. Cat Wu said she looks forward to collaborating with the OpenAI product management team and all company staff to jointly develop agent products that can support individual users and teams, while allowing users to retain full control.

Bitget to Launch the Open Custody Network (OCN), Redefining the Relationship Between Asset Custody and Trading

The platform announces the upcoming launch of the Open Custody Network (OCN). Centered on the core philosophy of "Assets in Bank, Tradings on Bitget", the initiative aims to connect professional financial institutions including banks and custody firms with Bitget's trading infrastructure. This network integrates core capabilities including independent asset custody, bank and institutional-grade security guarantees, unified exchange trading services, and capital efficiency, breaking the traditional model of centralized exchanges that consolidate asset custody and trading on a single platform.

Binance: Withdrawals for Some Users Disrupted Due to Technical Malfunction, Service Is Being Restored | CoinByte