Crypto weekly: Celsius Emerges from Chapter 11 and Commences Distributions of Over $3 Billion of Cryptocurrency to Creditors; Ripple Co-Founder Notices an “Unauthorized Access” To His Account, Loses 213M XRP.

February 5, 2024

Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets.

Review of the past week:

January 31, 2024	Celsius Emerges from Chapter 11 and Commences Distributions of Over $3 Billion of Cryptocurrency to Creditors. Celsius announced that it has successfully emerged from bankruptcy by completing the transactions under its confirmed plan of reorganization. Read more
February 01, 2024	Ripple Co-Founder Notices an “Unauthorized Access” To His Account, Loses 213M XRP. XRP fell by more than 5% following ZachXBT’s report on the hack. Read more
February 01, 2024	Crypto derivatives exchange OPNX to shut down in February. Crypto derivatives and claims trading platform Open Exchange (OPNX) will shut down this month. Read more
February 01, 2024	Polygon Labs lays off 19% of team after ‘rapid growth’ during crypto’s bull run. Polygon Labs CEO Marc Boiron announced that the organization is laying off 19% of staff, saying the “team’s rapid growth in the last bull market diluted” the company’s ability to pursue its mission. Read more
February 02, 2024	FTX’s Missing $400 Million Were Stolen in SIM-Swapping Hack, DOJ Says. Three people charged over SIM swap scheme that targeted FTX. 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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