Categories: Exchanges

Bitfinex’s CTO: Bitfinex has raised $1 billion through LEO token in a private sale

Bitfinex’s CTO: Bitfinex has raised $1 billion through LEO token in a private sale

Paolo Ardoino, Bitfinex’s chief technology officer‏ tweeted on Monday that Bitfinex has achieved the target in just 10 days, with participation from “giant” firms from both within the cryptocurrency industry and outside. The funds were collected in the form of USDT, the stablecoin operated by the closely-linked firm Tether, according to the tweet.

He further adds:

Why? Because they know we are trustworthy, they recognize what we have been doing (without needing us bragging about it publicly) and they want us keep fighting for the industry whole. Their own words. Thank you everyone for the amazing support we got. We are impressed.

Bitfinex will be aunching a dedicated exchange platform for projects to raise funds via similar initial exchange offerings (IEO) next month.

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

Recent Posts

LocalMonero Announces 6-Month Shutdown Plan

LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More

1 week ago

Telecom Giant Vodafone Bringing Crypto to the Masses Via SIM Cards

The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More

2 weeks ago

No Evidence of Hack, Says Bitfinex CTO Amid Ransomware Gang’s Allegations

In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More

2 weeks ago

Indian Police Seize 268 Bitcoins Worth $17 Million in Crypto Bust

Indian authorities have seized large sum of bitcoins from a resident of Haldwani, a… Read More

2 weeks ago

Smart Contract Hacking Costs Ex-Engineer $12M and His Freedom

A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More

1 month ago

Craig Wright’s “Satoshi Nakamoto” Claim Debunked in UK Court Ruling

The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been burning question… Read More

2 months ago