Bitfinex CTO Says Exchange Raised $1 Billion Through Private Placement

Bitfinex Tree Glowing Raising Funds Tether

Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, claims the company has raised capital for its billion-dollar initial enterprise offering (IEO) through private placements from investors in iFinex Ltd, the parent of both Bitfinex and Tether, in a tweet on 13 May, 2019. The claims come at a time when Bitfinex is embroiled in multiple controversies.

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Source: BTC Manager