UNUS SED LEO is a new token designed to make bigger the skills of Bitfinex platform customers and offerings, Bitfinex’s parent company, iFinex. The LEO was created because Bitfinex dealt with the crisis, which turned into accused of illegally using Tether cryptocurrency funds claimed via the new york prosecutor’s office.
UNUS SED LEO (LEO) is an application token like many cryptocurrencies. So the ticket has diverse capabilities associated with the platform or the assignment, and it does not grant token holders rights over the agency’s financial resources like security tokens. After the Bitfinex exchange issued the UNUS SED LEO (LEO) token, LEO managed to grow 80% in only one month. But, the history of the venture and the builder’s reputation managed to trap the attention of many traders very well.
Every person who follows the market more or less knows that 2018 is very tough for Bitfinex. The New York Attorney General’s office investigated iFinex for hiding $850 million in losses. In line with the prosecution, transferred the quantity to Crypto Capital Corp, the Panama bureau that processes virtual payments. Withdrawn, most of the cash was from Bitfinex consumer funds. The prosecution argues that Tether constrained’s reserves cover the shortfall, an organization owned via iFinex.
Although UNUS SED LEO (LEO) has common scandals and a tarnished reputation, the token stays one of the most prominent players in the marketplace.