According to reports, the Houlihan Lokey, which has been in difficulties, reports reportedly

According to reports, the Houlihan Lokey, which has been in difficulties, reports reportedly

The crypto loan Babel Finance reports reportedly the US investment bank Houlihan Lokey a few weeks after the dismissal was suspended due to liquidity problems.

The company will be the next major crypto company, "which is bought by creditors or explains bankruptcy or insolvency", a person familiar with the matter Coindesk .

A spokesman for Babel Finance rejected a statement. Houlihan Lokey did not immediately answer the request from Blockworks for comment.

babel finance abruptly exposed withdrawal on June 17th-in ceremony to "unusual liquidity print"-similar to the competitors Celsius, Finblox Coinflex. Last week, the company said in an explanation that it wanted to fulfill its legal obligations towards customers by continuing to "avoid further transfer and distribution of liquidity risks".

Houlihan Lokey , according to his website, focuses on mergers and takeover, capital markets, financial restructuring and evaluation.

Babel Finance was founded in 2018 and offers institutions, wealthy accredited investors and crypto miners credit and trading services for Bitcoin, ether and stable coins.

The company collected $ 80 million in May with an assessment of $ 2 billion. The main investors of the round included Jeneration Capital and 10T Holdings as well as the existing shareholders Dragonfly Capital and Bai Capital.

Blockworks confirmed a number of layoffs and volunteers from Babel this week. Yulong Liu, who worked as head of partnerships in the company for almost three years, and communication director jacynth wang

. .

The contribution Troubled Lender Babel Finance Reported Hires Us Investment Bank Houlihan Lokey is not a financial advice.