Bitfinex Reveals $1 Billion Token Sale ‘LEO’ Despite $850 Million Tether Scandal

2019-5-6 11:11

By CCN. com: Still mired in controversy over that $850 million loss, the powers at be at Bitfinex have come up with an idea to replace the funds and it’s raising eyebrows for a bounty of reasons. Bitfinex’s solution to try to make whole those who were burned in the hack that led to the losses is to issue more tokens.

Specifically, the plan is to issue $1 billion of a token called LEO. Skeptics immediately weighed in as the news of this plan went viral over the weekend. Concerns include the legal troubles plaguing Bitfinex and Tether. Other issues include

The post Bitfinex Reveals $1 Billion Token Sale ‘LEO’ Despite $850 Million Tether Scandal appeared first on CCN

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bitfinex million tether 850 billion token leo

Источник: ccn.com

bitfinex million → Результатов: 122


Bitfinex raised $1 billion in 10 days by selling a token redeemable for Tethers

Embattled cryptocurrency exchange Bitfinex raised $1 billion in 10 days with an initial exchange offering (IEO), money it hopes will alleviate concerns of its financial stability. Bitfinex CTO Paolo Ardoino tweeted Monday that private firms, both inside the cryptocurrency sector and out, had contributed more than $100 million each throughout the fundraising.

2019-5-14 16:09


John McAfee Says Point-Set Technology Puts Bitcoin’s Price At Least $1 Million By End of 2020

A recent article published by U.Today, predicted a Bitcoin bull run could happen sometime soon especially because the coin still shot past $5,500 regardless of the story that recently shocked the market when it was revealed that Tether and Bitfinex through their parent company, iFinex, was involved in an $850 million scam. The article showed […]

2019-5-5 23:40


Bitfinex-Tether episode hardly affects stablecoin; continues to be pegged with cryptos despite systematic risk

The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million.

2019-5-1 19:30


Bitfinex-Tether controversy: Binance’s CZ announces impending transfer of USDT funds to new cold wallet address

The New York Attorney General’s recent allegations suggested the involvement of Tether [USDT] and Bitfinex exchange in a conspiracy to hide the exchange’s loss of $850 million. While the ecosystem slowly recovers from the bearish market in the aftermath of the episode, Binance’s Changpeng Zhao informed his community of followers about an impending “large transaction”.

2019-4-30 11:30


Bitfinex-Tether fiasco: Bitfinex could be receiving financial back-up while users flee scene

The Bitfinex and Tether lawsuit by the New York State Attorney General has put the companies in a tight spot and if the suit proceeds in favor of the AG, then the long speculated secrets about Tether and the alleged “fraud” of Bitfinex in covering up $851 million in losses might be out in the […] The post Bitfinex-Tether fiasco: Bitfinex could be receiving financial back-up while users flee scene appeared first on AMBCrypto.

2019-4-28 23:30


As Bitfinex Gets Sued By NY AG, Shareholder Reassures Missing Funds Will Be Released in a “Few Weeks”

A recent lawsuit by the NYSAG is unveiling a lot of unsettling details about the Bitfinex exchange and the Tether stablecoin. Though there has always been controversy around Tether for its lack of cash liquidity, the bigger allegation at this point is over the missing $851 million that Bitfinex is supposed to have. In an […]

2019-4-27 18:14


Bitfinex and Tether Exodus Leads to 7th Most Confirmed Bitcoin Transactions in a Day

Yesterday’s news of Bitfinex being accused by the New York Attorney General’s office of potentially covering up the loss of $850 million using Tether reserves has caused Bitcoin and the crypto market to plummet and investors to panic, not only about the diminishing value of their holdings, but over the entire integrity of the crypto.

2019-4-27 03:01


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iFinex, the company behind Bitfinex, is under more pressure after the New York State Supreme Court judged that the exchange was in the New York Attorney-General’s (NYAG) Office’s jurisdiction. But that isn’t getting in the way of business: yesterday, Bitfinex completed its burn of nearly 40,000 LEO tokens (US$53,600), as part of a continuous process […] The post Bitfinex Feels The Heat, But LEO Is Burning As Planned appeared first on Crypto Briefing.

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