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Bitfinex’s LEO tokens now listed on Delta Exchange and available to trade

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Source: Unsplash

Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Leo token’s listing was announced yesterday (24 May) on a Chinese exchange, ZB.COM; in addition to this, the tokens are being listed on various exchanges, such as “Delta Exchange”.

Delta Exchange tweeted:

🔥🔥 $LEO perpetual contract is now live on Delta Exchange. Long/ short LEO with up to 20x leverage. The contract is margined and settled in $USDC. #CryptoNews #CryptocurrencyNews $BNB #BTC

Bitfinex had previously announced that Leo tokens will start trading on the exchange on May 20 and will be paired against BTC, USDT, USD, EOS, and ETH; at press time, the tokens were priced at $1.26 and had a 24-hour trade volume of $4 million as per CoinMarketCap.

A lot of prominent people in the community are cautious about the Leo tokens due to their connection with Bitfinex, Tether, iFinex, etc. The CTO of Bitfinex, Paolo Ardoino, tweeted:

“Lions are spreading. This is precisely the strong and unite community support that we have been talking about in the Unus Sed $LEO whitepaper (link: https://www.bitfinex.com/wp-2019-05.pdf) bitfinex.com/wp-2019-05.pdf
Thanks @balanipankaj and @Delta_Exchange @bitfinex.”

Despite the negative news surrounding Bitfinex and Tether, there has been a massive influx of USDT hitting the market. The market cap of Tether increased by a massive $100 million in over 60 days, which caused the market cap to reach an all-time high since its inception.

Bitcoin has been stuck in a sideways movement, hovering closely near the $8,000 point, while people speculated that the massive burst in Tether’s market cap might move the price of Bitcoin.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

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GateHub: Stolen XRP funds transferred to prominent exchanges

Namrata Shukla

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GateHub stolen XRP funds moved to Bitfinex and OKEx
Source: Pixabay

The GateHub hack that took place earlier this month resulted in the exchange losing nearly 23 million XRP worth approximately $9 million. However, Whale Alert, a tracker of large crypto transactions, alerted the community of these stolen funds being moved to various different exchanges.

One of these exchanges was identified to be Bitfinex, which received 400,025 XRP on June 16 at 10:57:22 UTC. The sender’s address was r4hyDYXv7iV3oCahxQzqYYfgxwyBx3AyMN and was identified to be from the GateHub hack 2019. The receiver’s address was identified to be Bitfinex’s- r9o9MerrS7d2GAEs6JPj4v4JcvZAJNtLUY. The hash rate of the transaction was 21124F7818A2903E9750456D603CC9AACC9DBE6CE2EF0AA191C734339B4CA682 and the transaction details were as follows:

Source: Whale Alert

Source: Whale Alert

Another transaction was noted to take place to the Bitfinex wallet address where 100,000 XRP was transferred from another identified GateHub hack address. The identified Bitfinex’s wallet address was rDcz7P9YMpffLKhRBovTzhUr3wKtk3y9q7. This wallet address was quick to transfer the funds immediately to another exchange, OKEx. OKEx previously received 3,000 XRP from the stolen funds to an identified OKEx address- rUzWJkXyEtT8ekSSxkBYPqCvHpngcy6Fks. The hash rate of the transaction was noted to be BE97F68A20E996A2E1A37228DCBD45A1F26E8E2B3A842E9FCFFF7721157C1C37 and following were the transaction details:

Source: Whale Alert

Source: Whale Alert

The stolen funds were moved to another prominent exchange, Binance, and CZ was swift to inform Whale Alert that he would look into it. However, the crypto users did not find any relief about these funds going to other exchanges as the exchanges did not respond to the large transactions.





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