Bitfinex intends to carry out the LAI token swap, which is scheduled to take place on 16/10/2023. The old LAI token on the Bitfinex platform will be replaced by its new token on a 1 to 1 basis. Customers are not required to take any action at this time. Bitfinex plans to halt deposits, withdrawals and trading of the LAI token on 16/10/2023 at approximately 08:00 AM UTC. All LAI active orders on Bitfinex will remain active, and customers will be free to cancel them at any point. Customers are advised not to deposit new LAI tokens until the migration has been completed, and Bitfinex has provided further updates regarding the reopening of trading, deposits and withdrawals. Please note that the old LAI token will no longer be supported on our platform. LAI old ERC-20 contract address: 0xd04e772bc0d591fbd288f2e2a86afa3d3cb647f8. LAI new ERC-20 contract address: 0x168e209D7b2F58f1f24b8Ae7B7d35E662bBF11Cc. For more information on the LAI migration, please see here. Important Note: This announcement is not an offer to sell or a solicitation of an offer to buy LayerAI or any other cryptocurrency. Any purchase or sale of any cryptocurrency on Bitfinex will occur solely pursuant to the Terms of Use for Bitfinex at https://www.bitfinex.com/legal/exchange/terms. Forward-Looking Statements: Certain statements in this announcement may be forward-looking in nature. The words "believe," "expect," "estimate," "could," "should," "intend," "may," "plan," "seek," "anticipate," "project" and similar expressions among others, generally identify "forward-looking statements," which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Bitfinex nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.