Bitfinex To Refund Investors in Failed Hilton Hotel Venture
The post Bitfinex To Refund Investors in Failed Hilton Hotel Venture appeared first on Coinpedia Fintech News
Bitfinex Securities has said that 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 only gathered $342,000 from investors before the first deadline i.e. barely 5% of the $6.25 million it was looking to raise. Bitfinex will not act right away as they expect the issuer to restructure the offer. The funds were intended to finance the construction of the Hampton by Hilton Hotel.
