Crypto weekly: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement With US; Bittrex Global to wind down operations, urges customers to withdraw funds.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

November 20, 2023

Following Investigations by Tether, OKX, and the U.S. Department of Justice, Tether Voluntarily Freezes 225M in Stolen USDT Linked to International Crime Syndicate.
Tether and OKX today announced that they have assisted the United States Department of Justice (DOJ) in an investigation linked to an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” romance scam. Read more

November 20, 2023 Bittrex Global to wind down operations, urges customers to withdraw funds.
Bittrex Global is closing down a couple years after its U.S. market share collapsed. Read more
November 21, 2023

Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds.
The U.S. crypto exchange is the latest targeted by the Securities and Exchange Commission in a series of similar actions being fought in court by other companies. Read more

November 21, 2023

Binance CEO CZ Steps Down As Part Of $4 Billion Settlement With US.
The U.S. Department of Justice plans to settle charges with Binance after years of investigating the crypto exchange. Read more

November 22, 2023 DEX protocol KyberSwap appears to lose $47 million in possible exploit.
Unexpected wallet movements suggest KyberSwap has suffered a $47 million exploit. Read more


What’s coming up for us this week:

November 29, 2023 U.S. Gross Domestic Product (GDP).
Gross Domestic Product (GDP) will be published on November 29, 2023, at 01:30 P.M. UTC. Read more
December 01, 2023 U.S. Fed Chair Powell Speaks.
Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on December 01, 2023, at 04:00 P.M. UTC. Read more


As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.


Best regards,
FYBIT team

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