Following an alleged hack of around 120,000 bitcoins, now worth around $160 million, Bitfinex announced they were to slowly pay them back through profits by converting the 120,000 bitcoins into a BFX token which were to gradually be redeemed.
Around the end of January, just five months after they were hacked back in August, Bitfinex stated half of the tokens had been redeemed. A month or two latter they announced all of the tokens had been redeemed.
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