Celsius Network has initiated the second phase of its creditor distributions, sending $127 million to eligible creditors. This distribution covers approximately 60.4% of total claims, with Bitcoin valued at an average price of $95,836.23 at the time of distribution. In the broader context of the cryptocurrency market, November 2024 has seen significant losses due to hacks and exploits, totaling around $85.53 million, with only $25.2 million recovered. Notably, decentralized finance (DeFi) attacks have decreased, with losses of $71 million in November compared to $343 million in the same month last year. Conversely, centralized finance (CeFi) has suffered considerably, with total losses reaching $724 million year-to-date, primarily driven by a single incident involving WazirX, which accounted for $235 million of the losses. The crypto landscape remains volatile, underscored by ongoing security challenges and a series of high-profile hacks.