Bitfinex Securities said it would refund its investors in the El Salvador International Airport Hilton project after failing to attract the minimum $500,000 needed to continue operations.
The project was El Salvador's initial public offering of digital debt assets, but only raised $342,000 from investors before the first deadline, just 5% of the $6.25 million it hoped to raise.
The funds are designed to fund the construction of the Hilton Hampton Inn, a 4,500-square-foot hotel divided into five floors with 80 rooms, a restaurant, work area, swimming pool, gym, and gardens.
Bitfinex will refund investors for the failed El Salvador Hilton hotel project
2024-07-06 05:46:12
Bitfinex securities said that due to failed to attract continue operatedesk3cryptocurrencydesktopCrypto News
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