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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/current-state-of-cryptocurrencies-market-movements-and-security-incidents/" data-wpel-link="internal">Current State of Cryptocurrencies: Market Movements and Security Incidents</a><br></p>
<p style="text-align: justify">The king cryptocurrency continues to linger above $43,000 as buyers step back in. Shortly after our alert about LINK Coin, its price finally exceeded $18. Double-digit rises in some altcoins are catching attention. So, what’s the latest in the markets?</p> 
<h2 style="text-align: justify" id="cryptocurrency-market-update">Cryptocurrency Market Update</h2> 
<p style="text-align: justify">Assets worth $4.2 million stolen by XRP thieves were frozen by <a href="https://en.coin-turk.com/binance-engages-former-doj-prosecutor-for-defense-in-sec-case/" data-wpel-link="internal">Binance</a> and will be returned to Ripple co-founder Chris Larson. Three individuals are accused in relation to the FTX exchange hack, which was revealed to be a sim-swap attack, leading to a $400 million loss. The main suspects in the attack that caused the loss were the founder and employees of FTX. Polygon Labs has laid off 19% of its staff to “increase performance”.</p> 
<h3 style="text-align: justify" id="xrp-coin-attack">XRP Coin Attack</h3> 
<p style="text-align: justify"><strong>Ripple</strong> co-founder Chris Larsen’s personal wallet was attacked, and $112 million worth of tokens were stolen. The transfer of these to centralized exchanges was an opportunity for the assets to be quickly frozen, and Binance successfully seized $4.2 million worth of them.</p> 
<p style="text-align: justify"><strong>Binance</strong> CEO Richard Teng thanked ZachXBT and the Ripple team on social media for their coordination and assistance.</p> 
<h3 style="text-align: justify" id="details-of-the-ftx-attack">Details of the FTX Attack</h3> 
<p style="text-align: justify">Three individuals responsible for numerous sim-swap attacks have been identified by United States prosecutors. They are believed to be responsible for the attack during the FTX exchange’s bankruptcy process, which resulted in a $400 million loss.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-310428 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/FTX-Saldiri.png" alt="" width="662" height="222"></p> 
<p style="text-align: justify">In a filing to the Washington D.C. District Court on January 24, US federal prosecutors charged Robert Powell, Carter Rohn, and Emily Hernandez with copying the SIM cards of 50 individuals. A blog post by blockchain security firm Elliptic dated February 1 mentioned that the victim company named in the indictment could be <strong>FTX</strong>.</p> 
<h3 style="text-align: justify" id="polygon-labs-layoffs">Polygon Labs Layoffs</h3> 
<p style="text-align: justify"><strong>Polygon</strong> CEO Marc Boiron announced that the company will lay off 60 employees for “enhanced performance”. The CEO also announced a 15% raise for the remaining employees. At the beginning of last year, 20% of Polygon’s staff had also been laid off.</p> 
<p style="text-align: justify">Similar to 2023, layoffs continue in <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> and finance companies. <strong>BlackRock</strong> and many other companies had announced significant layoffs.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/current-state-of-cryptocurrencies-market-movements-and-security-incidents/" data-wpel-link="internal">Current State of Cryptocurrencies: Market Movements and Security Incidents</a></h5>

Current State of Cryptocurrencies: Market Movements and Security Incidents

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