TechFlow news, on March 4, according to data from K33 Research, the market cap premium of LEO tokens relative to the market value of 75,700 bitcoins has reached 41.82%, hitting a recent high. Vetle Lunde, Research Head at K33 Research, commented that the market appears to be preparing for Bitfinex's recovery of 94,000 bitcoins.
According to the LEO token whitepaper, Bitfinex will use 80% of the bitcoins (approximately 75,000) to repurchase and burn LEO tokens within 18 months. Previous report, on January 15, a U.S. court ruled that the 120,000 bitcoins seized in connection with the 2016 Bitfinex hack should be returned to Bitfinex "in kind."
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