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Distressed Crypto Lender Babel Wins Reprieve on Debt Repayments

  • Babel says agreement has eased ‘short-term liquidity pressure’
  • Options explored include setting up new entity for some debt
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Babel Finance, the distressed crypto lender which froze withdrawals on Friday, said it won a reprieve on debt repayments as it battles to survive a tumultuous slump in cryptocurrency markets.