Bitfinex Securities to Return Funds Raised for El Salvador Hilton Hotel Project to Investors

Digital asset platform Bitfinex Securities said it will return the money to investors in its Hilton Hotel project at El Salvador International Airport after failing to attract the minimum $500,000 needed to continue operations. The project was El Salvador's first public offering of digital debt assets, but it raised only $342,000 from investors before the first deadline, just 5% of its target amount of $6.25 million. The funds are intended to finance the construction of the Hilton Hampton Hotel, which is 4,500 square feet, divided into five floors, with 80 rooms, a restaurant, workspaces, swimming pools, gyms and gardens. According to the introduction, if you want to own a share of the Hilton Hotel, investors must invest at least $1,000 to buy HILSV tokens on the Bitcoin Layer2 network Liquid Network. In exchange, participants in the crowdfunding will receive a 10% coupon over 5 years. A Bitfinex spokesperson confirmed: "According to relevant information documents, Bitfinex will refund all investors." But Bitfinex will not take immediate action, and it is expected that the issuer Inversiones Laguardia SA de CV may adjust the offer. Currently, Bitfinex has deleted the public offering information of the project from its website. (Cointelegraph)