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Babel Finance Reportedly Lost $280M Trading Customer Funds, and KuCoin to Offer NFT ETFs

The most valuable crypto stories for Friday, July 29, 2022.

July 29, 2022
Listen on:
Neha Narula
Director
Digital Currency Initiative
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."
Secure Your Seat
Neha Narula
Director
Digital Currency Initiative
Consensus 2023 Logo
Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose."
Secure Your Seat

"The Hash" group discuss a report that troubled crypto lender Babel Finance has lost $280 million in customer funds through proprietary trades, and crypto exchange KuCoin offering retail investors fractional ownership of top non-fungible tokens (NFTs) in the form of an exchange-traded fund (ETF).

See also: Babel Finance Lost $280M Trading Customer Funds: Report

KuCoin Claims Bragging Rights as First Exchange to Offer NFT ETFs

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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