What is the current price of UNUS SED LEO?
The current price of UNUS SED LEO is $9.05 with a 0.27% change in the last 24 hours.
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UNUS SED LEO (LEO) is the utility token of iFinex Inc., the company that runs the Bitfinex exchange. Holding LEO earns fee discounts on Bitfinex products, and iFinex has committed to buying LEO back from the market every month with part of its revenue, then burning it. LEO matters because it is effectively a claim on an exchange's buyback program rather than a token for a blockchain protocol, and it carries a second, much larger commitment: most of any funds recovered from Bitfinex's 2016 hack are pledged to LEO buybacks.
Official resources: the LEO site, the May 2019 whitepaper and the Bitfinex fee schedule.
LEO was issued by Unus Sed Leo Limited, a British Virgin Islands subsidiary of iFinex. iFinex has operated Bitfinex since 2012. The whitepaper is dated May 8, 2019 and describes a private sale of up to 1 billion LEO at 1 USDt per token, closing May 11, 2019, with Bitfinex then opening a LEO/USDt market. The whitepaper says the proceeds could fund working capital, repay debt and support recapitalization.
Two events shaped the token:
The Crypto Capital shortfall (2018 to 2019) The whitepaper describes funds held by the payment processor Crypto Capital that had not been returned by late 2018, and a credit facility iFinex arranged to cover the gap. The LEO sale took place in that context.
The August 2, 2016 Bitfinex hack 119,756 BTC were stolen. Bitfinex spread the loss across customer accounts, issued BFX debt tokens and redeemed or converted all of them within eight months, then issued Recovery Right Tokens (RRT) that pay out from any recovered funds. In February 2022 the US Department of Justice announced the seizure of about 94,000 BTC tied to the hack, and Bitfinex restated its pledge to burn LEO with 80% of any net recovery (the buybacks may be made on the open market or over the counter). A federal court later ordered 94,643 BTC plus forked coins returned to Bitfinex as restitution. In 2026, reports described ancillary proceedings over other claimants as still unresolved.
The name comes from the company motto, taken from Aesop's fable "The Sow and the Lioness": unus, sed leo, "one, but a lion".
LEO is a token, not a blockchain. It was issued on two networks: as an ERC-20 token on Ethereum (contract 0x2af5...2ca3) and on EOS, which has since rebranded as Vaulta. Bitfinex lists them as LEO-ERC20 and LEO-Vaulta. The ERC-20 version also has a representation on the SORA network.
Supply shrinks through three burn commitments in the whitepaper:
The 2019 whitepaper promised taker-fee discounts, cheaper deposits and withdrawals, and lending discounts. Bitfinex's current fee schedule changes the picture: spot, margin and derivatives trades are listed at zero maker and zero taker fees, so trading discounts no longer apply. Lending is where LEO still counts. Bitfinex charges lenders 15% of the interest earned on margin funding and Bitfinex Borrow, and LEO holders get up to 5% off that fee: 0.05% for every 10,000 USDt of LEO held in a trading account, averaged daily over the previous month. The fee page notes that LEO-Vaulta and LEO-ERC20 balances do not qualify for this discount.
Fixed tokenomics: at most 1,000,000,000 LEO were created at issuance, the whitepaper set no lock-up, and supply can only go down through burns.
Few exchange tokens tie their burns to a named minimum share of gross revenue, and LEO adds something rarer: a written pledge on the proceeds of a specific hack recovery. The court-ordered return of the 94,643 BTC is the largest potential source of LEO burns, so the token's supply outlook depends heavily on a legal process.
On-chain, LEO relies on the security of Ethereum and Vaulta (formerly EOS). Beyond that, holders are trusting iFinex: buybacks, burns and fee benefits are company promises, not code enforced by a smart contract. ERC-20 transfers, including tokens sent for burning, can be checked on Etherscan, but whether the monthly buyback meets the 27% minimum can only be judged from iFinex's own reporting, not verified on-chain.
LEO shows a centralized exchange raising capital with a token and giving buyers a contractual-style link to its revenue and legal recoveries. Its future depends less on technology than on iFinex's revenue, disclosures and the result of the hack restitution.
The main market is Bitfinex, which opened LEO trading after the 2019 sale. LEO also trades on other centralized exchanges and, as an ERC-20 token, can be swapped on Ethereum decentralized exchanges where liquidity exists.
LEO spot markets are live on, among others:
Before withdrawing, confirm which version the exchange sends and that your wallet supports that network.
Track UNUS SED LEO live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for UNUS SED LEO on CoinRithm before using real money.
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Read the complete paper trading guideThe current price of UNUS SED LEO is $9.05 with a 0.27% change in the last 24 hours.
The daily trading volume is $860.36 representing a 69.01% change in the past 24 hours.
The market capitalization of UNUS SED LEO is $8,328,029,927, ranking #958 globally.
The fully diluted valuation (FDV) of UNUS SED LEO is $8,919,969,599, calculated assuming the total supply of 985,239,504 LEO is in circulation.
Circulating: 919,857,852. Total: 985,239,504. Max: N/A.
In the last 24 hours, UNUS SED LEO traded between a low of $9.02 and a high of $9.07.
LEO/USDTTether USDT9.05 USDT
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Bitfinex plans to use the returned coins to redeem all Recovery Right Tokens and devote at least 80 percent of remaining net proceeds to repurchasing and burning its UNUS SED LEO token.
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