Tag: Babel Finance
Crypto Is Down Bad, But VCs Keep Pouring Money In
Given the contagion and chaos we have witnessed since Sam Bankman-Fried’s crypto exchange FTX had a sudden multibillion-dollar coronary, you may be tempted to...
Top 10 Biggest Crypto Failures of 2022
This year has been a tough one for the crypto industry. From Bitcoin’s wild price swings to the implosion of major exchanges, it’s been...
Large Defi Lender Maple Finance Cuts Ties With Insolvent Client That Was Exposed to FTX
Major Defi lending platform Maple Finance has severed ties with a large client it believes “misrepresented its financial position” to creditors owed millions of...
2022 in Review: the Top 10 Crypto Moments of the Year
Key Takeaways
The crypto ecosystem shed $2 trillion in market value and lost several major players in 2022, but it didn’t die.
Terra, Three Arrows...
Crypto Lending Platform Matrixport Seeking $100M Fundraise
10 seconds ago | 2 mins read Defi News Financial backers have pledged at...
This Asian Crypto Lending Giant Is Looking to Raise Funds Despite Market Crisis
One of Asia’s biggest cryptocurrency lenders Matrixport Technologies Pte is looking to raise a staggering $100 million in fresh funding at a $1.5...
Babel Finance Reportedly Lost $280M Trading Bitcoin and Ethereum
13 mins ago | 2 mins read
Defi News
As of July 2022, the deck claims that the company lost 8k BTC and 56k ETH...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses...
Thai SEC seeks additional clarification from Zipmex
The Securities and Exchange Commission of Thailand (Thai SEC), has sought clarification from cryptocurrency exchange Zipmex on its decision to freeze withdrawals, according to...
Crypto Lender Babel Finance Issues Temporary Halt on Withdrawals
Not long ago, the crypto world was shocked and appalled to learn that Celsius – one of the crypto industry’s largest and most well-known...
Babel Finance plans to work with restructuring group Houlihan Lokey: CoinDesk
“Babel is looking at restructuring. They’ve hired Houlihan Lokey or are in the process of hiring them. They’re in the process of signing an...
Top Executives Quit as Babel Finance Sees Financial Woes
Troubled crypto lending firm Babel Finance is continuing to face further woes as multiple top employees are leaving the company.
According to the latest report,...