Babel Finance's Debt Repayment Extension Approved by Court

Crypto lending company Babel #Finance has been granted permission by a #Singaporean court to extend the repayment time for creditors, similar to Deribit. The company's restructuring plan, through its decentralized finance project called "Babel Recovery Coins," aims to return approximately $800 million to its creditors. Babel's co-founder and former #CEO, Flex Yang, revealed that the court has extended the repayment time for creditors until July 21st.