Babel Finance, which offers its users the opportunity to borrow in cryptocurrencies, is reviewing its restructuring options.
According to the information provided by CoinDesk, the Babel Finance team is one of the investment banks. Working with Houlihan Lokey is planning. In addition to merger agreements, this bank for restructuring processes. is working on.
Babel Finance, after the investment tour held in May 2 billion dollars reached such a valuation. However, after the recent liquidity problems, the company began to lose many employees.
The company’s global partnership processes ruled by Yulong Liu end of june/early july will quit his job, in addition, partnership both public relations It has been learned that many employees from the departments will leave the company.
Babel Finance, last month withdrawals on the platform decided to stop it temporarily, as a justification for this, liquidity pressure is “out of normal” had shown.
Someone speaking to CoinDesk, “Babel is considering restructuring. For this, they either started working with Holihan Lokey or they are about to start working.” said.
According to the information in the same news, what kind of path Babel will follow, in the next few weeks Clarification is expected.