Recovery Right Tokens (RRTs) are digital tokens evidencing a limited-recourse, contingent obligation of the Bitfinex Group. RRTs are notional credits, are solely dependent on the Bitfinex Group’s recovery of Losses sustained during a theft in August 2016, and are subordinated to any and all other claims against the Bitfinex Group, including claims related to the Losses.
RRTs were initially created as an incentive for BFX token holders converting to equity; that in the event of any recovery of stolen bitcoins from Bitfinex, BFX token holders would be repaid first, followed by any remaining bitcoins being distributed among RRT holders. As of April 03, 2017, all outstanding BFX tokens have either been converted to equity or redeemed.
Where is Recovery Right available for purchase?
You can exchange RRT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Recovery Right is Bitfinex, notably the RRT/USD pair, which saw a trading volume of $ 3,270.09 in the past day.
What is the highest value Recovery Right (RRT) has ever reached?
Recovery Right (RRT) reached its peak price at 0.989 $ on 15 January 2025, approximately 8 months ago ago. Presently, the current price is -23.65% lower than this all-time high.
What is the historical minimum price for Recovery Right (RRT)?
The minimum price reached for Recovery Right (RRT) was 0.01666 $, documented on 18 March 2020, more than 5 years ago. In comparison, the current price is 4,431.31%, it above this historical low.