Bitfinex’s parent company, iFinex, has announced plans to buy back $150 million worth of shares from users who were given these shares as compensation for the 2016 hack on the Bitfinex crypto exchange. The buyback offer comes as a result of the exchange’s positive performance in recent years. In the aftermath of the hack, Bitfinex offered recovery-right-tokens (RRT) and equity (iFinex shares) to affected users to fill the gap in their balances. The iFinex shares were distributed through a stock swap deal with investing platform BnkToTheFuture. Shareholders have until October 24 to decide whether or not to sell their ownership to iFinex. The buyback program allows investors to offload their somewhat illiquid investment.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	0
People	None
Companies	iFinex, BnkToTheFuture, Bitfinex
Currencies	Bitcoin
Securities	None