The Bitfinex cryptocurrency exchange that has recently become the center of attention is supposed to release its own token and, through IEO, attract $ 1 billion in Tether (USDT).
According to partner of venture capital firm Primitive Ventures Davi Van, the information on the upcoming initial exchange offer was confirmed by one of the holders of the BFX securities.
BFX equity share holders
It's a If fraud do not then be scammed if it's not a fraud then WTF @bitfinex please comment and clarify
– Dovey Wan ? ? (@DoveyWan) 29 April 2019 p.
“The guys attract funds through IEO through several channels. At first I was extremely surprised, but later this information was confirmed by one of the holders of BFX. If it is a fraud, do not become its victim. If this is not a fraud, then what the hell? ”
Earlier, the New York City Prosecutor General’s Office charged Bitfinex with the loss of $ 850 million and the exchange used Tether’s reserves to cover the damage. According to law enforcement, the operator of the trading platform iFinex Inc. borrowed at least $ 700 million to fill the gap without notifying users.
Subsequently, cryptocurrency researcher Alex Kruger said that between November 2018 and March 2019, Tether Limited actually transferred Bitfinex $ 625 million to maintain liquidity. After this, the stabilized USDT became only 75% secured.
“I just do not understand why this is all justified. After all, it will not make Tether again fully secured, unless they put the profit / new funding back into Tether reserves. BFX has already securitized and tokenized its future cash flow for its latest hack. It turns out that this is additional financial leverage , ”added Davi Van.
Soon, Zirui user posted a tweet in which he refers to information from Zhao Dong, an investor from Bitfinex, who previously shared insider information about the stock exchange.
According to @ zhaodong1982, there is a possibility that there is $ 300m of the allocations in #USDT pic.twitter.com/oXfbrGk2Cg
– Zirui ??♀️ (@zirui_z) 29 April 2019 р.
According to the report, there is a high probability that the marketplace is going to hold IEO. At the same time, large investors have already prepared $ 300 million in USDT to participate in this enterprise.
Earlier, Bitfinex Chief Financial Officer Giancarlo Devazini said that it would take just a couple of weeks to resolve the financial problems of the trading platform.
Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.
BlockchainJournal.news
BlockchainJournal.news
