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iFinex proposes $150M share buyback from Bitfinex hack victims: Report

Bitfinex’s parent company, iFinex, has proposed buying back $150 million worth of the company’s shares from users who were offered them as compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, according to Bloomberg.IFinex revealed its plans to buy back the shares in a shareholder letter dated

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Tether treasury receives two $50M USDT lump sums from Bitfinex

Two 50 million Tether (USDT) transactions have been transferred from Bitfinex to the “Tether Treasury” address, according to transfer receipts from Whale Alert. Both transactions took place on Oct. 2, 2023, two minutes apart. The first lump sum of 50 million USDT occurred at 9:43 am UTC and was worth $50,039,125.

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Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex

Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex. The analysis is based on the aggregate realized value metric, which measures the realized capital of Bitcoin (BTC) and Ether (ETH) with the combined supply from the top five stablecoins: Tether

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