**Bitfinex hacking incident new progress, LEO token soared 40%! 🚀**

Hello everyone! Today we are going to talk about a big news in the cryptocurrency circle. On October 9, HTX market information showed that after the news of "The US government applied for an alternative notification procedure to inform potential victims of the 2016 Bitfinex hacking incident" was released, Bitfinex's platform token LEO actually rose by 40%, reaching a high of $13, and is now quoted at $7.22, with a 24-hour increase of 22.4%. This wave of operations shocked many friends in the cryptocurrency circle!

**Bitfinex promises to repurchase LEO**

You may remember that Bitfinex had promised earlier that if it could get back the hacked Bitcoin, it would repurchase LEO. Now, the US government has submitted a motion to the court requesting approval to use the alternative notification procedure to notify potential victims of the 2016 Bitfinex hacking incident. This news undoubtedly brought new hope to the market, and the price of LEO tokens has also risen sharply.

**Content of the U.S. Government's Motion**

According to documents filed by the U.S. District Court for the District of Columbia, the U.S. government claims that Bitfinex may be the only entity that meets the definition of a victim under the Criminal Victims Rights Act (CVRA) and the Mandatory Criminal Victims Compensation Act (MVRA). However, out of an abundance of caution, the government still wishes to notify potential victims other than Bitfinex, especially those whose accounts have lost value after the hack.

**Specific arrangements for the notification process**

The government proposes to use the Department of Justice's large case website and specialized case website for notification and allow potential victims to submit statements. This move is undoubtedly intended to ensure that all possible victims receive the compensation they deserve.

**Market reaction**

After this news release, market confidence in Bitfinex and LEO tokens has increased significantly. Although the price of LEO tokens has fluctuated greatly, the overall trend is positive. For investors, this is undoubtedly an opportunity worth paying attention to.

**Everyone is welcome to communicate and discuss in the comment section! **

What do you think of the new developments in this Bitfinex hack? Do you think the price of LEO tokens will continue to rise? Welcome everyone to share your thoughts and opinions in the comment section, let's explore this interesting topic together!

**Summary**

In general, the new developments in the Bitfinex hacking incident have brought new hope to the market and also led to a significant increase in the price of LEO tokens.Although there are still uncertainties in the future, this news undoubtedly provides new opportunities for investors. I hope everyone will remain rational when investing and do a good job of risk management.

Looking forward to seeing everyone's wonderful discussions in the comment section! 😊