Tag: Babel
Crypto lender Babel gets extended creditor protection in Singapore
Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022.A court [...]
Babel wants to repay creditors via special ‘recovery coins’: Report
Babel Finance, one of cryptocurrency lending firms shaken by the bear market of 2022, is exploring new restructuring opportunities involving minting a [...]
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
Babel is on the verge of filing a moratorium extension that would prevent creditors from making claims for at least six months, the report said. The f [...]
Babel Finance Lost $280M Trading Customer Funds: Report
The firm lost around 8,000 bitcoin (BTC) and 56,000 ether (ETH) in June in forced liquidations as the crypto market plunged to an 18-month low, sendin [...]
Zipmex Confirms Loans Worth $53M to Babel and Celsius
“Ever since the black swan events surrounding the crypto space, Zipmex has retrieved the majority of our funds and assets that were historically depos [...]
Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of [...]
Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources
Babel is in the process of signing an engagement letter with the investment banking firm, a source said.
www.coindesk.com [...]
Crypto lending platform Babel Finance reaches counterparty debt agreement
Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with som [...]
Babel Finance Reaches Debt Agreement With Counterparties After Withdrawal Freeze
Hong Kong-based crypto lender Babel Finance has reached "preliminary agreements" with several counterparties and customers after a withdrawal freeze l [...]
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downtur [...]
Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity Pressures'
Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows C [...]
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The firm, which provides crypto financial services to institutional investors, is valued at $2 billion.
www.coindesk.com [...]
Bitcoin Renaissance Likely in H2: Babel Finance
"After the market adjusts to the pace of the [Federal Reserve's] rate hike, growth stocks and bitcoin will resume their upward trend, that is we will [...]
Babel Finance raises $40M to increase crypto choices
The Sequence A funding spherical was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann and Tiger Internatio [...]
Babel Finance Is Letting Crypto Mining Corporations Use Machines as Mortgage Collateral
Babel Finance is letting bitcoin mining companies put up their machines as mortgage collateral so the lender can provide them higher phrases.The lo [...]