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A July 2022 proposal deck shows that Babel Finance lost 8K BTC and 56K ETH, worth $280M+, in proprietary trading of customer funds, as it seeks to raise money (Yogita Khatri/The Block)




Yogita Khatri / The Block:

A July 2022 proposal deck shows that Babel Finance lost 8K BTC and 56K ETH, worth $280M+, in proprietary trading of customer funds, as it seeks to raise money  —  – Babel Finance lost 8,000 BTC and 56,000 ETH in proprietary trading with customer funds, according to a restructuring proposal deck obtained by The Block.





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