Babel Finance

Reported engagement with the restructuring and merger and acquisition specialist follows liquidity issues at crypto lender Babel Finance

Key staff are being axed or voluntarily leaving troubled cryptocurrency lender Babel Finance, a source told Blockworks

Timeline: Grappling with volatility, crypto firms are halting withdrawals, carrying out emergency assessments and preparing for a bear market

The crypto financial services provider suspended redemptions and withdrawals from its products on Friday

$80 million Series B round follows the company’s $40 million raise a year ago

Former marketing executive at OKcoin and Microsoft joins new crypto exchange