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

Leaked recordings of a private conversation 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 in March.

Seven audio files first emerged online on Sept. 25 that appear to be parts of a longer in-person conversation between Del Wang, co-founder of Beijing-based Babel, and an unknown person. 

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