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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (183726)	2/9/2022 1:44:47 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 217680

This must be the cheap bastard tread. Have at it:0)

To: maceng2 who wrote (183726)	2/9/2022 1:51:43 PM
From: TobagoJack	1 Recommendation Recommended By maceng2 Read Replies (1) \| Respond to of 217680

Can just invite barber to home, so am not fussed about imminent barber-shortage In the meantime did not know Leo existed A giggle bloomberg.com Bitfinex Cryptocurrency Linked to 2016 Hack Surges 59% After Fund Recovery Bitfinex parent promised to use proceeds to burn some tokens Leo was issued in 2019 to beef up Bitfinex’s coffers Olga Kharif February 9, 2022, 3:51 AM GMT+8 The cryptocurrency known as Unus Sed Leo, which was issued in part to recapitalize the Bitfinex exchange following a 2016 hack, surged more than 50% after the U.S. announced that most of the stolen funds were recovered. The firm iFinex, which operates Bitfinex and is affiliated with the Tether stablecoin, issued Leo in 2019 to beef up its coffers after a series of blows, including the hack in which it lost Bitcoin currently valued at $4.5 billion. In its white paper explaining Leo, Bitfinex promised that if the funds from the hack are ever recovered, it will use an amount equal to at least 80% of recovered net funds to repurchase and burn outstanding LEO tokens within 18 months of the funds’ recovery. Bitfinex confirmed its commitment to use the funds in this way in a statement Tuesday. Unus Sed Leo Market Cap BalloonsIn U.S. dollars Source: CoinMarketCap Leo’s price jumped 59% to $7.91, according to data on CoinMarketCap. That has swelled the total market value of the token to about $7.2 billion, up from less than $2 billion when it was issued. U.S. residents weren’t allowed to participate in the initial token sale. Bitcoin fell about 2.3% to $43,134. The Department of Justice announced Monday that it recovered $3.6 billion worth of Bitcoin from the hack in the largest financial seizure ever, and arrest two people. “This is very likely to have a major impact on future sophisticated and institutional investors evaluation of counterparty risk in the space,” said Stephane Ouellette, chief executive and co-founder of institutional crypto-platform FRNT Financial. “To know that even a hack from a more nascent time in the industry 6-years ago can be resolved will be mind-changing insight for many.” In a briefing for reporters, Justice Department officials said they plan to establish a court process for victims to reclaim the stolen Bitcoin. If history is any guide, any recovery may take time. Creditors of the defunct crypto exchange Mt. Gox are still waiting to receive reimbursements under a plan that became final and binding in November. Mt. Gox was once the world’s biggest Bitcoin exchange, until it closed in early 2014 after losing the coins of thousands of customers. Following the 2016 hack, Bitfinex created BFX tokens, and gave them to affected customers at the rate of one coin for each $1 lost. Within eight months of the security breach, Bitfinex’s parent company, iFinex, redeemed all the BFX tokens with dollars or by exchanging the cryptocurrency for shares of its capital stock. Bitfinex also created a tradeable RRT token for certain BFX holders that converted BFX tokens into shares of iFinex. Once Bitfinex gets the recovered funds, it’s now promising to make a distribution to RRT holders of up to one dollar per RRT, which may or many not belong to original customers who lost their Bitcoin. Price of RRT tokens trading on Bitfinex exchange has tripled on the news. — With assistance by Vildana Hajric (Updates with information on Bitfinex’s RRT token beginning in the eighth paragraph.) Sent from my iPad