// Upon the filing, the Hong Kong- and Singapore-based crypto broker will automatically receive a moratorium for 30 days or until the date when the application is heard – whichever comes first. But to get a moratorium, it must first meet requirements such as a list of creditors and evidence of support from them.
Babel Finance’s valuation hit US$2 billion just last year, but it reportedly incurred massive losses of about US$766 million while using customer funds for trading, Bloomberg reported. https://www.techinasia.com/crypto-lender-babel-finance-to-undergo-restructuring //
尹思哲 