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Babel Finance lost over $280 million in proprietary trading with customers’ funds – Report

  • According to a disclosed restructuring proposal deck, the company suffered a heavy loss as a result of proprietary trading with customers’ funds.
  • Babel Finance has stated that it has created a rescue plan to raise millions of dollars in debt and equity.

Last month, it was reported that Babel Finance had halted client withdrawals after the current situation subjected
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