Media reported on Babel Finance's talks with restructuring specialists

Media reported on Babel Finance's talks with restructuring specialists

Media reported on Babel Finance's talks with restructuring specialists

One of the largest crypto lenders in Asia, Babel Finance, is discussing the possibility of cooperation with the US firm Houlihan Lokey. The latter specializes in financial restructurings, CoinDesk writes, citing sources.

“They [Babel] are the next big company that will have some kind of the result is either a settlement and support from creditors, or a declaration of insolvency or default,” the source said.

Another interlocutor said that Babel Finance is considering restructuring. According to him, a letter of commitment from Houlihan Lokey is in the process of signing.

Representatives of the parties have not yet commented on the information.

Previously, Babel Finance closed a $80 million Series B funding round at a $2 valuation billion

Recall that in June the company announced the suspension of payments and withdrawals from its own products due to lack of liquidity. 

Later, representatives of Babel Finance denied reports of insolvency and announced reaching “preliminary agreements” on the payment of part of the debts.

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