The ALT2611 tokenized Tether bond from Bitfinex has only managed to raise 15% of its target two weeks after launch.
The Bitfinex exchange is a popular platform for exchanging cryptocurrencies, also hosting spot and derivatives trading as well as certain lending, borrowing and staking features. Bitfinex came into existence in 2012. Bitfinex fees for spot trading are 0.10% for maker orders and 0.20% for taker orders. For derivatives trading, maker orders give customers a 0.02% rebate, while taker orders incur a 0.075% fee. Trading fees vary for each customer based on their trading volume and activity. Bitfinex also has its own utility crypto token called Unus Sed Leo (LEO). Because it restricts a number of regions, Bitfinex U.S. customers are not allowed. On Bitfinex, KYC and Anti-Money Laundering procedures are employed.
Back in 2016, there was a Bitfinex hack in which 119,756 Bitcoin (BTC) was stolen. Back then, 119,756 BTC was valued at about $72 million total.
Tether and Bitfinex say the decision not to appeal the Freedom of Information Law request by several media outlets was made in the interests of transparency.4040
Bitfinex stressed its systems weren’t compromised and no customer funds were lost.12932
CME Bitcoin futures hit a two-year high, but options market data reflects investors’ hesitancy.15930
Paolo Ardoino, Bitfinex chief technology officer and incoming Tether CEO, said the “exciting” initiative marks the beginning of a new era in capital raising.8737
Bitfinex hack victims from 2016 received iFinex shares as compensation, as the crypto exchange didn’t have enough cash to make users whole.2235
Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart.3291
Adam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as crypto adoption in Switzerland.6402
A massive amount of traders were liquidated as the BTC price dropped to $25,300, but was it primarily retail traders that were washed out?17627
The identity of the hacker or hackers behind an exploit that removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3.2461
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.7216
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors.6502
The funds were seized by U.S. Customs and Border Protection. Recovery efforts for the remaining funds are ongoing.5446
This week’s Crypto Biz examines the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving and Bitfinex’s expansion in Latin America.11268
The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.2632