THE:U.S. Department of Justice Announcement Regarding Seizure of Bitcoin Linked to the August 2016 Security Breach

WearepleasedthattheU.S.DepartmentofJusticehastodayannouncedthatithasrecoveredasignificantportionofthebitcoinstolenduringtheAugust2016securitybreach.WehavebeencooperatingextensivelywiththeDOJsinceitsinvestigationbeganandwillcontinuetodoso.

BitfinexwillworkwiththeDOJandfollowappropriatelegalprocessestoestablishourrightstoareturnofthestolenbitcoin.Bitfinexintendstoprovidefurtherupdatesonitseffortstoobtainareturnofthestolenbitcoinasandwhenthoseupdatesareavailable.

IfBitfinexreceivesarecoveryofthestolenbitcoin,asdescribedintheUNUSSEDLEOtokenwhitepaper,Bitfinexwill,within18monthsofthedateitreceivesthatrecoveryuseanamountequalto80%oftherecoverednetfundstorepurchaseandburnoutstandingUNUSSEDLEOtokens.ThesetokenrepurchasescanbeaccomplishedinopenmarkettransactionsorbyacquiringUNUSSEDLEOinover-the-countertrades,includingdirectlytradingbitcoinforUNUSSEDLEO.

WewanttoexpressourappreciationforthededicationandhardworkbytheDOJteamthatledtothisgreatsuccess.Wewillcontinuetosupporttheirefforts.

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