A court in Singapore has extended creditor protection for Babel Finance until July 21.
Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022.
A court in Singapore has extended creditor protection for Babel Finance by another three months, BloombergAccording to Babel co-founder and former CEO Flex Yang, the moratorium will last until July 21, enabling the firm to pursue its restructuring plan via a new decentralized finance project called Hope. Flex returned to oversee Babel’s restructuring process a few years after stepping down from CEO role in 2021.
“In the coming international political changes, HOPE will be an important tool for us to reconnect the world. [...] We are confident that our new team will continue to use their hope and light to move the new project forward.”the Hope DeFi project in mid-March 2023, positioning the initiative as a combination of DeFi and centralized finance to enable DeFi-level transparency and security and centralized finance-level access.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
New York Finance Regulator to Bill Crypto Firms for Annual Supervision FeesThe New York State Department of Financial Services said it would start charging cryptocurrency firms registered in the state for the costs of annual supervision and examination
続きを読む »
Hundred Finance loses $7 million in Optimism hackThe attacker manipulated the exchange rate between ERC-20 tokens and hTOKENS to drain over $7M from the protocol, according to Certik.
続きを読む »
South Korea and Japan's finance ministers to hold first bilateral talks in 7 yearsSouth Korea and Japan's finance ministers will hold a bilateral meeting early next month for the first time in seven years, heralding closer cooperation in economic policy that has been hampered by diplomatic conflict.
続きを読む »
Texas could limit crypto miners' participation some ERCOT incentive programsSenate Bill 1751 would cap crypto miner’s participation in ERCOT’s emergency...
続きを読む »
First Mover Americas: Ether Holds Above $2K$ETH holds above $2,000 on what one analyst attributed to macroeconomic conditions, and $AVAX rose 7% on backing from TradFi firms. LedesmaLyllah reports.
続きを読む »
CME to Add Daily Expiries on Bitcoin and Ether Futures Options ContractsDerivatives marketplace CMEGroup will soon offer daily expirations on bitcoin and either futures options contracts. HeleneBraunn reports
続きを読む »