The firm lost around 8,000 bitcoin and 56,000 ether in June in forced liquidations as the crypto market plunged to an 18-month low, sending bitcoin below $20,000, the deck shows, according to The Block. The trades were unhedged in what was described as a"volatile trading week."
Babel Finance was one of several crypto companies struck by market contagion in June. Its decision to halt withdrawals followed that of
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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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El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': ReportEl Salvador's finance minister says that adoption of bitcoin as legal tender is working despite the over 50% losses incurred by the government, according to a report. By JamieCrawleyCD
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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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Step Finance Acquires SolanaFloor to Provide DeFi, NFT Data Insights.stepfinance_ has acquired solanafloor for an undisclosed amount in order to bolster its DeFi and NFT data on Solana. camlearnscrypto reports StepFinance_ SolanaFloor camlearnscrypto Interesting to know how much usdt it costed StepFinance_ SolanaFloor camlearnscrypto great news cryptowazza ❤️ StepFinance_ SolanaFloor camlearnscrypto This is great. Lets work on listing to major sites.
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