Babel


Finance

Leaked Recordings Suggest Crypto Lender Babel Leveraged Users' Funds in Longing Bitcoin

Leaked recordings suggest crypto lender Babel Finance leveraged some user funds to long bitcoin and faced potential default risks during this year’s Black Thursday market crash.

Babel Finance may be using customer funds to place bets that bitcoin's price will rise, co-founder Del Wang seemed to suggest in a leaked audio recording.

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