‎CoinDesk Podcast Network: THE HASH: Babel Finance Reportedly Lost $280M Trading Customer Funds, and KuCoin to Offer NFT ETFs on Apple Podcasts

📆 30/07/2022 00:41:00
📰 CoinDesk

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'I think this particular use shows how estates can now look at music that has not been released, release it, ensure they are getting royalties, and contribute back into the culture.' JennSanasie OneOfNFT collaborates with Biggie Smalls’ estate.

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Babel Finance Lost $280M Trading Customer Funds: Report.BabelFinance lost around $280 million after liquidating several trading accounts funded with customer deposits in June, according to a restructuring proposal deck. Reporting by oknightcrypto.
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Babel Finance lost over $280 million in proprietary trading with customer fundsBabel 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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