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 :
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.
Singapore-based crypto exchange Zipmex suspends withdrawals, citing “volatile market conditions”
- Southeast Asian crypto exchange Zipmex announced it's halting withdrawals until further notice. — Zipmex joins Celsius, CoinFLEX, Vauld and Babel Finance in freezing client funds amid stresses in c...
Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance
The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.
After suspending withdrawals on June 17, Babel Finance reaches “preliminary agreements on the repayment period of some debts”, helping ease liquidity pressure
Dear customers， Babel Finance management has taken the following steps … PYMNTS.com : Crypto Lender Babel Announces Debt Relief Babel Finance : Notice — Dear Customers， Recently, the crypto market h...
After suspending withdrawals on Friday, Babel Finance says it has reached “preliminary agreements” on repayments of “some debts”, helping ease its liquidity
- Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”
Hong Kong-based crypto lender Babel Finance suspends withdrawals and redemptions to “protect the interests of our clients”, citing “unusual liquidity pressures”
Dear Customers， Recently, the crypto market has seen major fluctuations … Muyao Shen / Bloomberg : Crypto Lender Babel Freezes Withdrawals as Industry Pain Spreads Andrew Rummer / The Block : Babel Fi...
Hong Kong-based crypto lender Babel Finance says it has suspended withdrawals and redemptions due to “unusual liquidity pressures”
Oliver Knight / CoinDesk :
Hong Kong-based Babel Finance, which offers crypto asset management tools, raises an $80M Series B at a $2B valuation, bringing its total funding to $120M
Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance …
Crypto asset manager Babel Finance raises $40M Series A from Zoo Capital, Sequoia Capital China, Tiger Global, and others
Three years after its inception, crypto financial service provider Babel Finance is racking up fundings and partnerships from major institutional investors.