Babel Finance lost 280 million dollars


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Babel Finance company, which entered the financial crisis in the collapse of the cryptocurrency world, capped 280 million dollars of the investor due to inexperienced mistakes.

As the cryptocurrency market gradually enters the effort to recover, the bill of the great collapse of history is just becoming emerging. Babel Finance lost a gigantic amount.

Crypto Financial Services Company Babel Finance, which suspended the withdrawal procedures after the heavy losses, was not attacked by any cyber, but after the incorrect decisions, it was damaged by $ 280 million.

It is stated that the company managers made incorrect decisions during the trade that expresses the purchase of assets such as bonds or funds in return for existing assets and as a result of this, 8000 BTC and 56000 ETH assets were lost. These assets were used from customers’ funds.

The company is now planning to sell shares and obtain funds from credit institutions to meet hundreds of millions of dollars. Thus, credit institutions will become shareholders. On the other hand, it is a matter of curiosity what kind of internal investigation of the company, has played with the unaware funds before customers.

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