Bitcoin exchange Bitfinex swaps tokens for equity

Bitfinex has announced that many of its largest BFX token holders have agreed to exchange over 20 million BFX tokens for equity in the company, marking a step in its recovery following the August theft of approximately 119,756 bitcoins valued at more than $70 million. The equity consists of shares of Bitfinex’s owner, iFinex Inc.“This is a significant step towards the recovery and stabilization of our company,” said Philip Potter, the company’s chief strategy officer. Read more: