Babel Finance

(Getty Images)
Crypto’s Latest Stablecoin, Called HOPE, Started by Ex-Babel Finance CEO Flex Yang
The token will serve as the native stablecoin for the new Hope ecosystem, which is focused on bringing traditional-finance users to the crypto market.
(Getty Images)

Hong Kong-based crypto lender Babel Finance wants to roll out DeFi platform and stablecoin. (Unsplash)
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
The firm's sole director is hoping to roll out a DeFi platform to begin paying back creditors.
Hong Kong-based crypto lender Babel Finance wants to roll out DeFi platform and stablecoin. (Unsplash)

Report: Lender Babel Finance Lost $280M Trading Customer Funds
Report: Lender Babel Finance Lost $280M Trading Customer Funds
Hong Kong crypto lender Babel Finance reportedly lost $280 million in proprietary trades with customer funds, according to The Block. Babel Finance suspended withdrawals in Ju...
Report: Lender Babel Finance Lost $280M Trading Customer Funds

Zipmex Receives Investment Offer; Voyager Calls FTX's Offer 'Low-Ball' Bid
Zipmex Receives Investment Offer; Voyager Calls FTX’s Offer ‘Low-Ball’ Bid
Troubled crypto exchange Zipmex said it received an investment offer from an interested party as it faces $100 million in losses on loans to Babel Finance. ProChain Capital Pr...
Zipmex Receives Investment Offer; Voyager Calls FTX's Offer 'Low-Ball' Bid

NFT Market Fraud in Focus; Bybit Job Cuts
NFT Market Fraud in Focus; Bybit Job Cuts
Hong Kong movie star Louis Koo denies involvement with Chinese NFT platform. China’s Wechat bans NFT marketplace over flipping. Combating phishing scams and insider trading in...
NFT Market Fraud in Focus; Bybit Job Cuts

CoinDesk placeholder image
Babel Finance Sets Up Shop in Singapore
Over two-thirds of Singaporeans with personal investments have crypto in their portfolios.
CoinDesk placeholder image

Flex Yang, co-founder of Babel Finance
Babel Finance Bets on Longtime Fintech Hand to Help Navigate Regulatory Landscape
The Hong Kong-based crypto lender says new CFO Edmond Lau will oversee $500 million in assets under management.
Flex Yang, co-founder of Babel Finance

Crypto Finance Firms are Lending, But Who's Borrowing?
Crypto Finance Firms are Lending, But Who’s Borrowing?
More and more crypto lenders are getting into the lending game, but who is taking out loans using crypto as collateral? Babel Finance’s Yulong Liu says borrowers range from cr...
Crypto Finance Firms are Lending, But Who's Borrowing?

Dollars
Babel Finance Raises $40M From Zoo Capital, Sequoia Capital, Tiger Global
The investment is the first foray into Asia's crypto finance industry for Zoo, BAI Capital and Tiger Global Management.
Dollars

Cryptocurrency mining machines
Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral
A clever way for bitcoin miners to get better loan terms.
Cryptocurrency mining machines