Babel Finance News

Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. The cascading collapse of two industry giants, Terraform Labs (responsible…

After recording massive losses last year, financial service provider Babel Finance proposed developing a new stablecoin to generate revenue to repay $766 million to its creditors. The plan involves creating “Babel Recovery Coins” using the project’s earnings. Babel Finance’s proposal…

A report from Zipmex revealed that the platform would begin releasing Bitcoin and Ethereum tokens in the coming days. The company’s spokesperson announced that the exchange would resume withdrawals of the coins following its suspension lift. Zipmex Begins the Release…

A leading Asia pacific exchange, Zipmex, will resume previously halted withdrawals from Z wallets, and has denied false allegations about its bankruptcy.

As per a statement on the company’s website, Babel Finance, a Hong Kong-based crypto lender, has halted withdrawals and redemptions. Babel Experienced Strange Liquidity Pressures “Babel Finance is experiencing exceptional liquidity challenges,” according to the statement, which also mentions substantial…

Babel Finance, a firm that offers, among other services, crypto asset management and lending, has opened a new, independently-run business headquarters in Singapore, Babel Asia with the goal of enhancing their role as a recognizable player in the global crypto…