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Bitfinex Confirms it Raised 1 Billion USDT Through closed IEO

Following the Tether-Bitfinex tragedy, bitfinex finally has some good news. The company’s Chief Technology Officer Paolo Adoino confirmed on Twitter that the company has successfully raise 1 billion USDT in just ten days via private sales. Adoino said major companies both within and outside the crytpocurrency industry made investments of over 100 million each while users both inside and outside the industry raised over 1 million USDT.

Success owed to trust

Bitfinex had lost its good reputation following the court case against it in late April, so Many members of the crypto community on Twitter have questioned the authenticity of this statement by Bitfinex CTO. However, he is in a follow-up tweet said the success of the private sales leading to the raising of 1 billion USDT is owed to the investors’ trust in the company.

“…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…

Read Full Story : Coingape

2019-05-13 11:02:46

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