Bitfinex’s 80% Bitcoin Recovery Pledge: How Could It Affect UNUS SED LEO Price?

Bitfinex plans to use at least 80% of eligible net proceeds from recovered hack-related funds to buy back and burn UNUS SED LEO. The plan could reduce LEO’s circulating supply and influence its price. However, the final impact depends on how much money Bitfinex receives and how many tokens it buys. The recovery process dates back to the 2016 Bitfinex hack, when attackers stole thousands of Bitcoin from the exchange. Authorities later seized part of the stolen funds. On October 6, 2026, a U.S. government wallet reportedly transferred 264.863 BTC, worth approximately $22.87 million at the time, to Coinbase.