iFinex, the owner of popular cryptocurrency exchange network BitFinex and collaborator with Tether Holdings Ltd, reportedly unveiled a $150 million share buyback plan. This new announcement marks a significant milestone for the company’s growth, history, and efforts to make amends for its tainted history. As per the , iFinex has offered a $10 per share buy back price for 15 million shares, representing only 9% of the network’s outstanding capital. After internal calculations based on multiple business metrics, the company was valued at $1.7 billion.
Source: Wayne Jones, 2023-10-12; https://cryptopotato.com/ifinex-launches-150-million-share-buyback-plan-to-compensate-hack-victims-report/