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Does anyone know if Bitfinex will get this returned to them (and hopefully repay users) .. or what the next steps in this story might look like?
by ratg13 5y ago
Does anyone know if Bitfinex will get this returned to them (and hopefully repay users) .. or what the next steps in this story might look like?
- spywaregorilla 5y agoWhat users?
- ratg13 5y agoBitfinex had to take a percentage of user's assets away due to the theft.
- evdubs 5y agoAfter this hack, Bitfinex account holders took a haircut (30% or so) and were given tokens representing the remainder of their dollar-denominated account balances. Those tokens were paid in full in 2017ish. Later, the UK, Portugal, and Poland seized $1B or so of Bitfinex customer funds due to the funds being delivered by Crypto Capital Corp who was found to be engaged in money laundering. Bitfinex issued LEO tokens to make up for that asset seizure, and have a clause that if the 2016 stolen bitcoins were recovered, they'd be used to retire the LEO tokens. That's why LEO has greatly increased in value recently. https://cryptowat.ch/charts/BITFINEX:LEO-USD?period=1d https://cryptowat.ch/charts/BITFINEX:LEO-USD?period=1d
- johnmarcus 5y agoIt's so odd that the story breaks today but LEO started jumping 8 days ago. No insider trading there, I am certain!
- deadbunny 5y agoIIRC the coins moved about a week ago. Wouldn't surprise me if there was some speculation that they had been seized leading to some speculation.