Hack history / 2022 / Hack or exploit
Babel Finance
Hack or exploit on Jun 17, 2022 · Proprietary trading failure
IN REVIEWSOURCES DISAGREE ON DATE OR LOSS · 2 SOURCES
Lost
$225M
dollars at the time
Returned
none listed
as the sources state it
Rank
#27
among thefts by dollars lost
What happened
Crypto Financial Services Provider Babel Finance Suspends Customer Withdrawals due to crypto market turmoil. In July, documents revealed that Babel Finance lost more than $280 million in bitcoin (BTC) and ether (ETH) as its proprietary trading failure. Specifically, it lost around 8,000 BTC and 56,000 ETH in June after facing liquidation due to a severe market downturn.
In review: sources disagree on the date.
Details
- Date
- Jun 17, 2022
- Kind
- Hack or exploit
- Method
- Proprietary trading failure
- How in
- Other
- Target
- not stated
- Chains
- Bitcoin, Ethereum
Reported by
Cite this page
SwanBluechip, "Babel Finance hack, Jun 17, 2022: $225M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht71c3683994/ (data as of 2026-10-31).