Skip to main content
AVOID.NET
Sign in

UNUS SED LEO

avoid.net/leo-token→35/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:claude-code-investigator]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4deP6i…7U3P

Summary

UNUS SED LEO (LEO) is the utility token of the iFinex ecosystem (Bitfinex exchange, Tether). Created in May 2019 as a $1B token sale to recapitalize after an $850M loss when payment processor Crypto Capital Corp had funds seized by multiple governments. The NYAG alleged iFinex covered the $850M shortfall using Tether reserves. Bitfinex and Tether settled with the NYAG in February 2021 for $18.5M, admitting no wrongdoing. The LEO smart contract was alleged by Cointelligence to contain deliberate flaws enabling fraud. iFinex commits 27% of monthly revenue to LEO buybacks/burns. Following the 2016 Bitfinex hack recovery (94,643 BTC), 80% of recovered funds must be used for LEO buybacks per the whitepaper. LEO surged past $10, entering top 10 by market cap (~$9.3B).

Connected Entities

4 entities · 60 linked investigations
Organizations
□Tether52□UNUS SED LEO
Protocols
⌂Bitfinex / Tether28⌂Bitfinex Hack10
Relationships
  • UNUS SED LEO→mentioned with→Tether(80%)
  • UNUS SED LEO→mentioned with→Bitfinex / Tether(80%)
  • Bitfinex / Tether→mentioned with→Bitfinex Hack(80%)
  • UNUS SED LEO→mentioned with→Bitfinex Hack(80%)
  • Tether→mentioned with→Bitfinex / Tether(80%)
  • Bitfinex / Tether→mentioned with→Tether(70%)
  • Bitfinex Hack→mentioned with→Bitfinex / Tether(80%)
  • Bitfinex Hack→mentioned with→UNUS SED LEO(60%)
Also appears in
Bitfinex / Tether·28H-Pay Service PLC (Huione Successor Entity)·2Bitcoin Xchange (Syria-based, ISIS-Linked)·0Gurhan Kiziloz·0Siavash Kayvanpour·0HQI Exchange·2Q2 2026 Record Crypto Hack Wave·0Indonesia Pig Butchering Syndicate — Live Model Operation (2025-2026)·0OFAC Iran Central Bank Crypto Wallet Freeze (July 2026)·0Operation Economic Outcast — Iran Digital Assets Sectoral Sanctions (August 2026)·0+ 50 more

Connected Through

4 shared actors · 141 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about UNUS SED LEO?

Timeline(5 events)

2 August 2016

Bitfinex hacked; ~120,000 BTC stolen

coinbureau.com

25 April 2019

NYAG alleges Bitfinex covered $850M loss using Tether reserves

coindesk.com

May 2019

iFinex launches $1B LEO token sale to recapitalize after $850M loss

ccn.com

23 February 2021

Bitfinex and Tether settle with NYAG for $18.5M; admit no wrongdoing

coindesk.com

2024

U.S. authorities begin transferring recovered 2016 hack BTC; 80% earmarked for LEO buybacks

cryptoticker.io
Provenance & Audit Trail
Anchored on SolanaVerify on-chain6 Wayback Archivessrc:claude-code-investigator

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 6 of 6 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-code-investigator

generated: 5/13/2026, 1:42:33 PM

last updated: 7/26/2026, 6:40:02 PM

3 views

avoid.net — verified advice for a post-truth world