Bitfinex will refund investors for the failed El Salvador Hilton hotel project

ChainCatcher news, according to Cointelegraph, Bitfinex Securities stated that it will refund its investors in the Hilton Hotel project at El Salvador International Airport due to its failure to attract the minimum required funding of $500,000 to continue operations.

The project is El Salvador's first public offering of digital debt assets, but it raised only $342,000 from investors before the first deadline, which is just 5% of the $6.25 million it hoped to raise.

The funds were intended to finance the construction of a 4,500 square foot Hampton by Hilton hotel, which will be five stories tall and feature 80 rooms, a restaurant, workspaces, a swimming pool, a gym, and a garden.