Bitfinex : an IEO to recover the 850 $M ?


The “Bitfinex Coin” as a new exchange token?

This news, which is for the moment only a rumor, is part of a famous Chinese trader – Zhao Dong – who happens to be also a shareholder of Bitfinex:

“Bitfinex has a plan to issue its exchange token, even if the details have not been finalized yet. 

Bitfinex he follows the path Binance (with BNB) by issuing its native token? In any case, Zhao Dong explains that the exchange could this issue for value 850 million dollars of these tokens.

An amount that corresponds to the amount escrow that hit the headlines last week. And in fact, the Chinese trader explains that the financial director (CFO) of Bitfinex – Giancarlo Devasini – personally assured him that these funds would be released quickly, in the coming weeks.

Will Bitfinex also go to IEO?

The Initial Exchange Offering appeared this year, with first Exchange-managed tokens, such as the BitTorrent Token (BTT) on the Binance Launchpad.

This time, the rumor comes from Dovey Wan – from the blockchains fund Primitive Ventures – who reportedly had this information directly from Bitfinex shareholders:


Here, it would be a billion dollars that Bitfinex would seek to raise during a first IEO, perhaps for his own token, if this rumor had to overlap with the previous one?

It seems that we are still far from hearing rumors about a rumor concerning Bitfinex. The problem is that it is extremely difficult to disentangle the true from the false, which tends to leave us perplexed.

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