• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Babel Finance reaches a debt agreement with partners just after stopping end users from withdrawing

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Hong Kong-based mostly cryptocurrency loan provider Babel Finance has alleviated some of its liquidity issues by reaching repayment agreements with some of its partners.

Babel Finance reaches a debt agreement with partners after preventing users from withdrawing
Babel Finance reaches a debt agreement with partners just after stopping end users from withdrawing

As it was Coinlive As previously reported, Babel Finance suspended the repurchase and withdrawal of its solutions on June 17th, citing uncommon liquidity stress in the latest bear marketplace. Nonetheless, the organization explained it is taking speedy techniques to shield buyers and talk with all stakeholders to make improvements to the circumstance.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Axie Infinity Partners with Grab Philippines to Offer Reward Points to Users, AXS Price Increases by 12%

Axie Infinity Partners with Grab Philippines to Offer Reward Points to Users, AXS Price Increases by twelve%

November 27, 2023

In an update was posted on 06/20Babel Finance has taken 3 significant techniques considering that the collapse of the organization to assist alleviate its liquidity circumstance, which include conducting an urgent evaluation of the company’s small business, communicating with shareholders / traders, and reaching a preliminary agreement on sure debt payments.

Babel Finance did not supply precise facts about its repayment routine, this kind of as curiosity costs or maturity dates, but mentioned that it has mentioned with some shareholders and traders the probability of getting payment help and will actively deal with its responsibilities. in direction of its buyers in an try to prevent more transmission of liquidity threat.

“We thank our buyers for their comprehending and assistance throughout this time. Babel Finance hopes to obtain extra assistance from partners. “

Babel Finance’s liquidity dilemma comes just a month just after the organization raised $ 80 million in a Series B funding round with a $ two billion valuation. Last 12 months, Babel Finance also raised $ forty million in a Series A funding round led by Zoo Capital, Sequoia Capital China, Dragonfly Capital and Tiger Global Management.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: agreementBabeldebtFinancepartnerspreventingReachesuserswithdrawing
Share76Tweet47

Related Posts

Finternet Drives Investment with Institutional Support

by shark
June 26, 2025
0

Institutional backing fuels Finternet development, bolstering crypto investments with a $4.9B influx in Q1 2025.

GameStop Raises $450M in New Zero-Interest Notes

by shark
June 26, 2025
0

GameStop Corp. has announced a $450 million raise via zero-interest convertible senior notes due in 2032, aimed at enhancing its...

Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’

by shark
June 26, 2025
0

Donald Trump critiques Fed Chair Jerome Powell, impacting financial discourse without immediate crypto market shifts.

Polymarket Secures $200M Funding, Achieves $1B Valuation

by shark
June 26, 2025
0

Polymarket, a decentralized prediction market, is valued at $1 billion after a $200 million funding round amidst regulatory scrutiny and...

Moca Network Launches Moca Chain for Decentralized Identity

by shark
June 26, 2025
0

Moca Network unveils Moca Chain, a Layer 1 blockchain for decentralized identity management.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Finternet Drives Investment with Institutional Support
  • GameStop Raises $450M in New Zero-Interest Notes
  • Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’
  • Polymarket Secures $200M Funding, Achieves $1B Valuation
  • Moca Network Launches Moca Chain for Decentralized Identity
  • Bitcoin Soars to $108,000 Amid High-Leverage Trading
  • Ankr Migrates RPC Services to Private Network
  • A Comprehensive Comparison of Qubetics ($TICS), Polygon, and Bitcoin – Top Crypto Presale Opportunities
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7