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Crypto Asset Manager Babylon Finance Will Shut Down After Failing to Recover From Rari Hack

Babylon’s founder said several liquidity pools and the BABL token price were severely impacted, which contributed to the decision.

Ethereum-based asset management protocol Babylon Finance will fully shutter in November. (Kevin Ku/Unsplash)
Ethereum-based asset management protocol Babylon Finance will fully shutter in November. (Kevin Ku/Unsplash)