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Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources

CoinDesk LogoCoinDesk1 mo ago

Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources

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Babel is in the process of signing an engagement letter with the investment banking firm, a source said.

Ian Allison is an award-winning senior reporter at CoinDesk.He holds ETH.

Hong Kong-based crypto lender Babel froze withdrawals last month amid a cascade of defaults and liquidations relating to over-leveraged firms including Three Arrows Capital and Celsius.


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Article Details

Author / Journalist: Ian Allison

Category: Crypto

Topics: Three Arrows Capital Lending

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 15:36:04

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 3 minutes read

Article Length: 530 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 25444

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #8

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