The post Bitfinex to refund investors of its failed El Salvador Hilton hotel project appeared on BitcoinEthereumNews.com.

Bitfinex Securities only managing to attract $342,000 from investors, more than $150,000 short of its first-deadline target. Update: July 6, 10:33pm in UTC: This article has been corrected to reflect that Bitfinex Securities is now awaiting a new, potential offer from the debt issuer, Inversiones Laguardia s.a. de c.v. Digital asset platform Bitfinex Securities said it would refund investors of its Hilton hotel venture at El Salvador’s international airport after it failed to attract the $500,000 minimum funding needed to continue. The project, which marked the first public offering of digital debt assets in El Salvador, only mustered $342,000 from investors before the first deadline — barely 5% of the $6.25 million it was looking to raise. Read more Source: https://cointelegraph.com/news/bitfinex-to-refund-investors-in-el-salvador-hotel-project

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Filed under: News - @ July 7, 2024 7:18 am