UNUS SED LEO
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 36 → 61. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -15 |
| Concerns that are not fraud | -6 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Long-running | +10 |
| Sum | 51 |
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 61/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 8 of 10 claims confirmed · 2 need better sources
anchored·4deP6i…7U3PSummary
UNUS SED LEO (LEO) is the utility token of the iFinex ecosystem (Bitfinex exchange, Tether). Created in May 2019 as a $1B token sale to recapitalize after an $850M loss when payment processor Crypto Capital Corp had funds seized by multiple governments. The NYAG alleged iFinex covered the $850M shortfall using Tether reserves. Bitfinex and Tether settled with the NYAG in February 2021 for $18.5M, admitting no wrongdoing. The LEO smart contract was alleged by Cointelligence to contain deliberate flaws enabling fraud. iFinex commits 27% of monthly revenue to LEO buybacks/burns. Following the 2016 Bitfinex hack recovery (94,643 BTC), 80% of recovered funds must be used for LEO buybacks per the whitepaper. LEO surged past $10, entering top 10 by market cap (~$9.3B).
Connected Entities
4 entities · 60 linked investigations- UNUS SED LEO→mentioned with→Tether(80%)
- UNUS SED LEO→mentioned with→Bitfinex / Tether(80%)
- Bitfinex / Tether→mentioned with→Bitfinex Hack(80%)
- UNUS SED LEO→mentioned with→Bitfinex Hack(80%)
- Tether→mentioned with→Bitfinex / Tether(80%)
- Bitfinex / Tether→mentioned with→Tether(70%)
- Bitfinex Hack→mentioned with→Bitfinex / Tether(80%)
- Bitfinex Hack→mentioned with→UNUS SED LEO(60%)
Connected Through
4 shared actors · 130 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Tetherorganization
- ⌂Bitfinex / Tetherprotocol
- ⌂Bitfinex Hackprotocol
- □UNUS SED LEOorganization
Timeline(5 events)
2024
U.S. authorities begin transferring recovered 2016 hack BTC; 80% earmarked for LEO buybacks
cryptoticker.ioDecision Log
- slot 464291091 · hash CDGsv8kY842kpytPURfpPxrFUTQHkhU4BDMCJwKG6ECZ
- slot 464291087 · hash GEpubRfiMZtdUQJeFUhN99u2pJiJgXMH4hi9AHNGtJWy
- slot 464291081 · hash DYN7huMzKqqjTXTezVVoUPiuAjBNtbh81YoNvjktzFSP
- slot 461964163 · hash Auu7hJAhyNdvvBAYRu95WEDdwMrV2nNkvbqe1mTPNk1u
- slot 419628833 · hash 7rq5gFUaQfTi7Nsg23mfg4SDjCi4UWAxep7ugyzVNT8m
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 6 of 6 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/13/2026, 1:42:33 PM
last updated: 11/2/2026, 12:18:56 AM
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