Bitfinex Claims $1B USDT in Private Sale,

[Shahinaz]

Bitfinex has been shrouded in controversy but it seems like the exchange might get out of going bankrupt in the shadiest way possible. The exchange has finished their new token offering, allegedly raising some $1B of USDT during the sale. Some commentators are raising questions, however.

After the New York Attorney General pressed charges against Bitfinex last month, the exchange has been struggling to justify its business model. If found guilty, it will be forced to pay $850M in damages due to fraud.

Shortly after the lawsuit, however, Bitfinex announced a token sale for its LEO tokens. Intended to be the 'utility tokens at the heart of the iFinex ecosystem,' the private token sale allegedly raised $1B in USDT.

Paolo Ardoino, the Senior Market Analyst at Bitfinex, tweeted that the exchange raised $1B in USDT in 10 days. Apparently, multiple private companies made investments of over $100M each.

@bitfinex is able to raise 1b USDt in 10 days, in a private sale. 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.

— Paolo Ardoino (@paoloardoino) May 13, 2019

complete at:https://beincrypto.com/bitfinex-claims-1b-usdt-private-sale-usdt-transaction-volume-remains-unchanged/

Do you believe Bitfinex actually raised $1B for its token sale?