Home Blockchain News Bitfinex Reveals $1 Billion Token Sale ‘LEO’ Despite $850 Million Tether Scandal

Bitfinex Reveals $1 Billion Token Sale ‘LEO’ Despite $850 Million Tether Scandal

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By CCN.com: Still mired in controversy over that $850 million loss, the powers at be at Bitfinex have come up with an idea to replace the funds and it’s raising eyebrows for a bounty of reasons. Bitfinex’s solution to try to make whole those who were burned in the hack that led to the losses is to issue more tokens. Specifically, the plan is to issue $1 billion of a token called LEO. Skeptics immediately weighed in as the news of this plan went viral over the weekend. Concerns include the legal troubles plaguing Bitfinex and Tether. Other issues include

The post Bitfinex Reveals $1 Billion Token Sale ‘LEO’ Despite $850 Million Tether Scandal appeared first on CCN

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* First published on ccn.com

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