Bitfinex launches whitepaper for imminent IEO; looks to retrieve funds to make up for $850M loss

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Bitfinex will roll out their Initial Exchange Offering [IEO], which is expected to reel-in in a whopping $1 billion. This follows the recent news of the Hong Kong exchange trying to cover up their undisclosed loss of close to $850 million.

According to the exchange’s shareholder Zhao Dong, Bitfinex has formally rolled out its IEO whitepaper. The tokens issued in light of the IEO are titled LEO and would be tabled before private investors prior to public offerings post-May 10.

The exchange…



Source link

Related Posts

  • 46
    The embattled crypto exchange, Bitfinex published the official whitepaper for its LEO token sale project earlier today, May 8. The token sale project is expected to raise $1 billion for the company that also announced that it would be launching a platform dedicated to raising funds for similar IEOs. Bitfinex…
    Tags: bitfinex, $, billion, exchange, leo, link, source, ieo, tokens, funds
  • 35
    Two Bitfinex shareholders said they were unconcerned by the New York Attorney General’s allegations that the cryptocurrency exchange lost $850 million of client and corporate funds. Zhao Dong, a Bitfinex shareholder who has tried to reassure the crypto community that the exchange... Source link
    Tags: bitfinex, exchange, funds, shareholder, link, source, dong, zhao, $
  • 30
    Hong Kong-based cryptocurrency exchange Bitfinex may soon issue a proprietary exchange token, according to a shareholder of the platform claiming knowledge of the plan. Dong Zhao, a well-known over-the-counter trader in China who holds a stake in Bitfinex, who first announced the... Source link
    Tags: bitfinex, exchange, shareholder, link, source, zhao, dong, hong
  • 30
    Justin Sun, the founder of TRON (TRX), had conversations with the Bitfinex cryptocurrency exchange over investing in a potential Initial Exchange Offering (IEO). Sun considered an investment in the region of $300M, according to a person familiar with the talks. Sun has since confirmed to Crypto Briefing that he engaged…
    Tags: bitfinex, ieo, $, exchange, link, source, offering, initial
TradingView_728x90
READ MORE  Morgan Stanley Believes Bitcoin Will Last The Long Haul, Coinbase Exec Says

Leave a Reply

Your email address will not be published. Required fields are marked *