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UNUS SED LEO (LEO) is a utility token that was created to reimburse funds lost when $850 million was seized from one of the largest cryptocurrency exchanges in the world, Bitfinex. This caused a great deal of controversy regarding centralized exchanges and the custody of assets. The parent company of Bitfinex is iFinex. The Bitfinex LEO token is used to reduce trading and lending fees throughout the expanding iFinex ecosystem, which now includes product offerings such as the “Hodl Hodl” decentralized exchange (DEX).

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