Bitfinex’s LEO Token Enables Multi-Billion Dollar Fraud, Cointelligence Claims

The smart contract of LEO, the ERC20 token issued by iFinex’s subsidiary Unus Sed Leo, allegedly has deliberate flaws in it to allow for massive fraud, crypto research firm Cointelligence says.

Crypto research and analysis firm, Cointelligence, has cited findings that Bitfinex may have deliberately created a smart contract for the LEO ERC20 token which opens the floodgates for potential fraud.