Bitfinex: CTO confirms completion of private token sale; LEO raises expected $1 billion

In what could be an end, or rather a climax to the Bitfinex episode, the CTO of the controversy-riddled exchange, Paolo Ardoino, confirmed the completion of the private token sale. LEO, the exchange’s native token, was curated to raise $1 billion to rectify the undisclosed losses incurred by the exchange.

Bitfinex managed to raise $1 billion in just 10 days, confirmed Ardoino. The CTO added that participants in the token sale included “giants in our industry and outside.” The exchange in their whitepaper had confirmed that the private sale would be geared towards institutional investors, and the CTO confirmed that the invested sum was over $1 million each, attesting the same.

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