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Tracking the 'altcoin outperform shopping list 2022' thread by Adam Cochran after a year
Crypto asset manager Babylon Finance will shut down after failing to recover from Rari Hack. BABL tanks 92% after Babylon Finance announces shut down.
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Idk what's this BABL... Shilled at $125 & presently it's selling for $0.09.. 🤯
tldr; Babylon Finance will shut down its services for the DeFi asset management protocol on November 15. Founder Ramon Recuero revealed the news on Twitter in the late hours of Wednesday. The platform's total value locked (TVL) dropped from $30 million to $4 million as a result of the Rari/FEI hack. The BABL token was trading at US$ 0.4031 at press time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*