Crypto company Babel Finance has announced some steps to improve its liquidity situation.
Crypto financial services provider Babel Finance has announced several steps to improve its liquidity situation after it stopped withdrawals last week. Speaking to The Block, the company said it has reached preliminary agreements with major counterparties on the repayment period of some debts. The company also added that it is actively communicating with shareholders and potential investors and will continue to engage and receive liquidity support.
Contrary to media reports, Babel Finance told its partners that reports that the company had gone bankrupt were not true. He also underlined that they have no affiliation with Three Arrows Capital.
