Except for one account. Coinbase. [2]
They then issued tokens to all the accounts they skimmed, valued at $1 each redeemable for shares in Bitfinex. They effectively converted a $72 million dollar theft (at the time) into a $72 million dollar valuation for Bitfinex.
One of their executives, Giancarlo, was recorded telling token holders the best way to get their money back was to sell their shares to other people before they realized. [3]
> “The fastest way to get paid back, is to convert debt to shares and then sell your shares to another shareholder”.
These people run Tether.
This is the true magic of cryptocurrency.
[1] https://www.reuters.com/article/us-bitfinex-hacked-hongkong-...
[2] https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/
[3] https://medium.com/@bitfinexed/bitfinex-never-repaid-their-t...