Babel Finance

Crypto Lender Babel Finance Gets 3-Month Creditor Protection Extension

Babel Finance, a crypto lender, gets a 3-month creditor protection extension until July 21, 2022. Babel plans to pay its…

2 years ago

Babel Finance Financial Creditor Protection Extension Request Paused

According to Babel Finance, a Singapore court has deferred making a decision on an extension of creditor protection because it…

2 years ago

Babel Finance Plans To Launch Stablecoins To Offset A $766 Million Debt

Key Points: Babel Finance intends to create a "debt relief stablecoin" for a $766 million loss. The business's co-founder has…

2 years ago

Babel Finance To Issue IOU Tokens As Collateral For Debt $280 Million

Key Points: The BRC-USDC and other "IOU" tokens that Babel Finance plans to issue to creditors will be based on…

2 years ago

Zipmex Requests Extension Of Creditor Protection While Awaiting Help Agreements

In light of a potential rescue plan, cryptocurrency exchange Zipmex has asked to extend its protection against creditors until next…

2 years ago

Thai SEC Files Complaint Against Zipmex And The Exchange’s CEO

The Thai Securities and Exchange Commission has filed a lawsuit against the Thai operations of cryptocurrency exchange Zipmex and its…

2 years ago

ZipMEX Investors Pressed CEO To Resign

Zipmex CEO Marcus Lim is being pressured by some major shareholders to step down. The cause of poor management leading…

2 years ago

Zipmex Gets Over 3 Months Creditor Protection In Singapore

After filing for bankruptcy in July, the city-High state's Court granted Zipmex protection until December 2 to give the exchange…

2 years ago

Babel Finance Lost Over $280M In Proprietary Trading

Babel Finance lost 8,000 BTC and 56,000 ETH in proprietary trading with customer funds, according to a restructuring proposal deck…

2 years ago

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