Crypto exchange Bitfinex owner iFinex offers to repurchase $150 million worth of shares

iFinex, the owner of Bitfinex crypto exchange based in Hong Kong, has reportedly offered to buy back $150 million worth of shares to strengthen its control over the company. The offer was made to shareholders last month, with iFinex offering to purchase 15 million shares at $10 each, representing about 9% of its outstanding capital. The company cited positive performance as the reason for the buyback. Bitfinex suffered a hack in 2016 that resulted in a loss of $71 million in bitcoin, and in August, a New York couple pleaded guilty to money laundering conspiracy related to the hack.

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