| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Hong Kong |
| Sector | Crypto |
| Total raised | $80M |
| Collapse type | Fraud Explosion |
| Founder | Flex Yang, Del Wang |
Babel Finance
"The Hong Kong crypto prime broker that lost $280M of client funds in proprietary trading"
Sudden collapse triggered by fraud exposure
Key Events Timeline
Babel Finance was a Hong Kong-based crypto financial services firm offering lending, structured products, and asset management.
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