UNUS SED LEO

LEO is issued by iFinex, which has run Bitfinex since 2012. The New York Attorney General said Bitfinex and Tether are owned and controlled by the same small group of people. In 2021 iFinex, Bitfinex and Tether settled with the NYAG for $18.5 million after Bitfinex lost about $850 million at Crypto Capital and hid the loss, and the CFTC fined Bitfinex $1.5 million. Bitfinex has no MiCA licence. There is no open development behind the token itself.

• Attorney General James Ends Virtual Currency Trading Platform Bitfinex's Illegal Activities in New York
• CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million (Release 8450-21)
• Europe's Crypto Market After July 1: Who Stays, Who Leaves, and What Changes Under MiCA (Finance Magnates)

LEO was placed in a private sale outside the United States in May 2019, without lock-up. No fund, ETF or regulated institutional holder was found. Etherscan counted about 3,620 holder addresses on Ethereum on 27 September 2026; the rest of the supply is on EOS. About 65 million LEO are counted in total but not in circulating supply, and who holds them is not disclosed. The token gives no shares or dividends in iFinex.

• iFinex LEO whitepaper
• Etherscan: Bitfinex LEO Token (ERC-20)
• CoinGecko API: LEO token

Up to 1 billion LEO were issued in 2019; CoinGecko showed about 985.24 million total and 919.86 million circulating on 27 September 2026. iFinex pledged to repurchase LEO each month with at least 27% of its previous month's gross revenue until none remain in circulation, and to burn LEO with at least 80% of net funds recovered from the 2016 hack. iFinex revenue is not published or audited, so the pledge cannot be checked. Since December 2025 Bitfinex trading is zero-fee for everyone, so LEO no longer lowers trading fees.

• iFinex LEO whitepaper
• Bitfinex: Zero Trading Fees for Every Customer
• Bitfinex fee schedule

LEO is an exchange utility token on Ethereum and EOS with no network of its own. On 27 September 2026 CoinGecko put its 24-hour volume at roughly $0.5–1.5 million, very low for an $8 billion market value. It traded on about seven venues, with one venue carrying about three-quarters of reported volume, and the Uniswap v3 pool traded under $100. Remaining uses are discounts on Bitfinex lending and withdrawal fees.

• CoinGecko API: LEO tickers
• Etherscan: LEO token contract