Crypto Lender Babel’s Creditor Protection Extended in Singapore
- Co-founder Flex says Babel’s moratorium will last to July 21
- Babel is planning a restructuring involving a new DeFi project
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A Singapore court extended creditor protection for crypto lender Babel Finance by about three months, its co-founder Flex Yang said.
The moratorium will now last until July 21, Flex said. He returned to oversee Babel’s restructuring after stepping down from day-to-day operations in 2021.