Bitfinex Won't List El Petro

According to Bitfinex, El Petro not only has limited use, but could have been created to circumvent sanctions against the Venezuelan government
27 March 2018   1154

One of the largest bitcoin-exchanges, Bitfinex, issued a statement that El Petro listing is not planned.

According to the report, El Petro (PTR) not only has limited use, but could be created to circumvent sanctions against the Venezuelan government.

The exchange also reminds that on March 19, the US banned any transactions with digital currencies, digital coins and digital tokens issued directly by the government of Venezuela or on its behalf. This prohibition includes PTR, but may also apply to other tokens that may appear in the future.

We have never had plans to include the PTR or similar tokens in the Bitfinex trading platform. In light of the U.S. sanctions and the other clear sanctions risks of dealing in these products, Bitfinex will not list or transact the PTR or other similar digital tokens. This restriction extends to all customers of the platform, including U.S. persons, and to all activities on Bitfinex, including deposits, financing, trading, and withdrawals.
 

Bitfinex Blog

The exchange also explained that these restrictions apply to all users of the platform, including US residents. In addition, all Bitfinex employees are also prohibited from any transactions with El Petro and other similar digital tokens.

Bitfinex to Get Stolen BTC Back

As reported, Bitfinex will convert received crypto into US dollars and transfers them to RRT tokens holders
25 February 2019   185

The US authorities returned the Bitfinex 27.66 BTC cryptocurrency exchange, which was stolen as a result of a hacker attack in August 2016. These funds were in law enforcement since November 2018. This is stated in the official message of the site.

Over two years following the hack of the Bitfinex platform, today we see the results of a clear and robust response strategy and the efforts of the U.S. government. It gives us great pleasure to be able to reimburse our traders that were loyal to us and believed in us at a very difficult time. We would like to thank U.S. federal law enforcement agencies for their ongoing efforts to investigate the security breach and their commitment to seizing and returning stolen assets.
 

Giancarlo Devasini

Chief Financial Officer, Bitfinex

Bitfinex will convert received crypto into US dollars and transfers them to RRT tokens holders. The site opened up the possibility of converting BFX debt tokens into this asset after full repayment of debts on them in April 2017.