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cryptonews 2023-10-11 13:28:00

Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback

In response to the recent regulatory challenges faced by Bitfinex, iFinex Inc., the Hong Kong-based parent company, is set to repurchase shares worth $150 million from its shareholders, constituting approximately 9% of the company's total outstanding capital. This move, reported by Bloomberg on October 10, aims to provide iFinex with greater control over its private dealings and streamline its ownership structure.... Read More: Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback

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