Crypto lender Babel Finance announces steps to improve its liquidity situation; Reaches Debt Agreement With Counterparties

Crypto financial services firm Babel Finance, which abruptly suspended withdrawals last week, has announced several steps to improve its liquidity situation.

Babel Finance said it carried out an emergency assessment of its business operations to understand its liquidity status and has also reached “preliminary agreements on the repayment period of some debts” with major counterparties and customers, “which has eased the company’s short-term liquidity pressure.”

[Via]

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