The crypto lending platform temporarily suspended withdrawals in June, but reports say it suffered big losses trading customer’s funds.
. The company had apparently been conducting proprietary trading with customers’ funds. It remains unclear based on reporting if users were/are aware their crypto was/is being used in this way. The company has not put out any formal statement about the issue, and did not immediately respond to Gizmodo’s request for comment through the main company email.
Bitcoin’s fall to $20,000 “chalked up significant losses” leading to the liquidation of multiple trading accounts, taking the thousands of crypto with it. Last month, the company
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
9 Great Deals on Sex Toys and Tower FansSometimes the best way to cool things down is to heat things up. Our editors found the discounts that will help you do just that: 📸: Amazon
Baca lebih lajut »
Babel Finance lost over $280 million in proprietary trading with customer fundsBabel 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.
Baca lebih lajut »
Babel Finance Lost $280M Trading Customer Funds: Report.BabelFinance lost around $280 million after liquidating several trading accounts funded with customer deposits in June, according to a restructuring proposal deck. Reporting by oknightcrypto.
Baca lebih lajut »
Variant raises $450 million for two new venture fundsA new $450 million venture fund is entering the crypto market.
Baca lebih lajut »
Schwab Asset Management to List Crypto ETF on New York Stock Exchange.CharlesSchwab is set to introduce its first crypto-related ETF, which will track performance of companies that may benefit from the digital asset industry. Reporting by oknightcrypto.
Baca lebih lajut »
Bay Area investor loses $1.2M in crypto scam as fraud cases triple across CAFederal investigators say cases of this fraud, known as 'pig butchering,' are growing rapidly across California, specifically targeting Asian Americans.
Baca lebih lajut »