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Bitfinex CTO says the company successfully raised $1 billion in a private sale of LEO exchange tokens

Paolo Ardoino, the CTO of Bitfinex, confirmed on Twitter that Bitfinex was able to raise 1 billion USDT from LEO private sale in just 10 days. Bitfinex issued the exchange tokens, dubbed LEO, to cover the $850 million currently frozen in several accounts controlled by the payment processing company Crypto Capital. The tokens were first offered to private investors and were planned to be opened to public only if there is any allocation left. 

Ardoino said: “Private companies, giants in our industry and outside, made investments for >100m each. A legion of inside and outside users made investments for >1m each.” Ardoino thinks that Bitfinex was able to raise as much because private investors consider Bitfinex to be trustworthy and because “they want us keep fighting for the industry whole.”