Bitfinex parent company looking to buyback 15M shares at $1.7B valuation
Hong Kong’s iFinex Inc., the parent company of cryptocurrency exchange Bitfinex, has proposed a $150 million share buyback, Bloomberg News reported Oct. 10. The move is seen as an effort to consolidate its private operations amidst increasing regulatory oversight in the cryptocurrency industry. Share buyback iFinex, which has shared board members with the well-known stablecoin...