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Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Singapore-based cryptocurrency exchange Zipmex reportedly has not received the latest payment in its buyout package from a venture capital firm.

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Babel-finance

Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin

Hope blends centralized finance, decentralized finance and traditional finance to deliver the transparency and security of DeFi but with the easy access of CeFi.

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Babel Finance Files for Moratorium, Works on New Stablecoin to Repay US$766M Loss

Crypto lender Babel Finance has filed applications in the Singapore High Court to buy more time from its creditors for up to six months.

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Troubled crypto lender Babel Finance files for moratorium in Singapore

The crypto lender also eyes restructuring of the business.

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Here's how Babel Finance plans to repay $766 million to creditors through stablecoin 'Recovery Coin'

Babel Finance owes $766 million to creditors after running an order-book deficit of $766 million using customer funds. The company’s proprietary tradi

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