Babel Finance, A Crypto Lender, Lost 8,000 BTC in Client Money!
According to a proposal deck that was referenced in a recent publication, Babel’s losses included the elimination of 8,000 BTC and 56,000 ETH that were held in unhedged proprietary trading positions. According to a report by The Block, which cited the cryptocurrency company’s restructuring proposal deck, the troubled cryptocurrency lender Babel Finance, which froze customer … Read more