TechBizWebTechBizWeb

    Subscribe to Updates

    Get the latest news about Technology and Business from all around the web..

    What's Hot

    Former Deutsche Bank CEO Anshu Jain dies, aged 59

    August 13, 2022

    CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme

    August 13, 2022

    Trump versus the rule of law in 2024

    August 13, 2022
    Facebook Twitter Instagram
    • About Us
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    TechBizWebTechBizWeb
    Subscribe
    • Home
    • Technology

      This customizable smart display is a fun desk accessory in need of a purpose

      August 13, 2022

      Apple asked for a cut of Facebook’s ad sales years before it stifled Facebook’s ad sales

      August 13, 2022

      Ikea and Electrify America team up to install over 200 public fast chargers in 18 states

      August 13, 2022

      How to use Flex Mode on the Galaxy Z Flip and Z Fold

      August 12, 2022

      The Zoom installer let a researcher hack his way to root access on macOS

      August 12, 2022
    • Business
    • Cyber Security

      Avoid these employee monitoring blunders

      August 12, 2022

      Cybersecurity lessons from the red team: How to prevent a data breach

      August 12, 2022

      Data security, surveillance practices to be examined by FTC

      August 12, 2022

      Why it pays to be an early adopter of cybersecurity technology

      August 12, 2022

      The top identity-based attacks and how to stop them: Part 1

      August 11, 2022
    • Blockchain
    • Vulnerabilities
    • Social Engineering
    • Malware
    • Cyber Security Alerts
    TechBizWebTechBizWeb
    Home»Blockchain»Top Executives Quit as Babel Finance Sees Financial Woes
    Blockchain

    Top Executives Quit as Babel Finance Sees Financial Woes

    June 29, 2022Updated:June 29, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Troubled crypto lending firm Babel Finance is continuing to face further woes as multiple top employees are leaving the company.

    According to the latest report, one of the prominent employees, Yulong Liu, head of global partnerships at Babel Finance, is set to leave the company by the end of this month or early next month.

    As head of partnerships, Liu has been in charge of representing Babel at public events and focuses on acquiring new partners for the company, including depositors and borrowers. The executive worked for the firm for almost three years.

    Liu recently updated his LinkedIn account to state that he left working for Babel this month and shortly after deleted his profile.

    Besides Liu, other employees are also reported leaving the firm. Many other workers from the partnerships team have also quit. For instance, Sean Yang, the director of global partnerships; Xavier Xiang, another director of global partnerships; and Yuchen Jiang, who worked in an unspecified partnership function, are identified to have left Babel amid the company’s troubles.

    Furthermore, employees working on the PR and communications team, including Yiwei Wang, the firm’s global PR lead, and Jacynth Wang, the director of communications, among others, are also identified to have resigned.

    Crypto Lending firms on Spotlight

    On 17th June, Babel Finance became part of the breaking news across the world after the firm halted withdrawals and redemptions of crypto assets due to liquidity pressures.

    The current extreme difficult market conditions have left Babel and other related financial institutions experiencing conductive risk events.

    Three days later, Babel updated information with regards to its financial situation. The firm stated it reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity.

    Crypto lending firms normally collect crypto deposits from retail customers and reinvest them with the expectation of generating double-digit returns and attracting tens of billions of dollars in assets.

    However, many of these firms have been unable to redeem their clients’ assets during the recent market downturn.

    Last week, rival crypto staking and yield generation platform Finblox, based in Hong Kong, restricted customers to make a withdrawal of $1,500 once per month and suspended rewards. The firm made the move after it was exposed to the uncertainty facing crypto hedge fund Three Arrows Capital as well as the current market volatility.

    Two weeks ago, prominent crypto lender Celsius Network suspended all withdrawals, swap, and transfers between accounts, as it cited “extreme” market conditions.

    Crypto lending platform BlockFi and crypto hedge fund firm Three Arrows Capital are also recently identified as facing a liquidity crisis.

    Image source: Shutterstock

    bitcoin blockchain News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme

    August 13, 2022 Blockchain

    Tron’s Justin Sun Hopes USDD to Become First Stablecoin in “EthereumPOW ecosystem”

    August 12, 2022 Blockchain

    Spanish Football Giants Barcelona and Real Madrid Seek Crypto Trademark Protection

    August 12, 2022 Blockchain

    Huobi Group Founder in Talks to Sell Almost $3B Company Stake

    August 12, 2022 Blockchain

    KuCoin Pairs with DeFi Data Aggregator 1inch for Implementing Native Swap Function

    August 12, 2022 Blockchain

    MakerDAO Intends to Depeg DAI from USDC

    August 12, 2022 Blockchain
    Editors Picks

    CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme

    August 13, 2022

    Trump versus the rule of law in 2024

    August 13, 2022

    This customizable smart display is a fun desk accessory in need of a purpose

    August 13, 2022

    The Coast, a photography special

    August 13, 2022
    Trending Now

    Ukraine’s first Black Sea cargo shipment caught up in complex trading networks

    By techbizweb

    Kewsong Lee, Carlyle’s ejected dealmaker-in-chief

    By techbizweb

    Expat teachers balk at Hong Kong’s quarantine strictures

    By techbizweb

    https://www.nationalsportsacademy.com

    slot gacor hari ini

    http://www.inadesfo.org/

    http://www.eueomgbissau.org/

    http://www.congo-mai-mai.net/

    http://www.angelesdelafrontera.org/

    http://fifaworldcup2018schedule.com/

    http://tony4gtrmcr.co.uk/

    http://www.standrewsagreement.org/

    http://www.bob-russell.co.uk/

    http://davidmulholland.co.uk/

    http://railwayhotelenniskillen.com/

    http://www.fantasysportstrades.com/

    http://www.rainleaf-flooring.com

    http://mothersagainstguns.org/

    http://ma-coc.org/

    slot online

    http://www.paradoxmag.com/situs-judi-slot-online-gampang-menang-2021/

    http://www.paradoxmag.com/situs-judi-slot-online-terbaru-2021/

    http://slot-terbaru.net/

    Slot Gacor

    Slot Online

    Situs Slot Gacor

    http://www.appdexterity.com/

    https://cars4kids-deutschland.de/

    https://www.stretchingculture.com/

    https://www.b-123-hp.com/slot-gacor/

    https://denzstaffing.nl/

    https://ezbbqcooking.com/slot-gacor/

    https://www.mbahelp24.com/slot-gacor

    https://minhtanstore.com/slot-jackpot-terbesar/

    https://njbpusupplierdiversity.com/slot-gacor-gampang-menang/

    https://www.floridaspecialtycropfoundation.org/slot-gampang-menang/

    https://childrenscornerpreschool.org/slot-gacor-gampang-menang/

    https://cryptoquoter.com/slot-online-terbaik/

    https://alorkantho24.com/slot-gacor/

    https://ellas.xyz/slot-gacor/

    https://it.dougamatome.xyz/slot-online/

    https://www.daltercume.com/slot-gacor/

    https://josi-ana.dougamatome.xyz/slot88/

    https://josi-ana.dougamatome.xyz/slot-gacor/

    https://fastobserver.com/slot-jackpot-terbesar/

    https://www.planetexperts.com/slot-gacor/

    https://bfsolution.group/slot-bet-kecil/

    https://rustleva.co/slot/

    https://bfsolution.group/slot-bet-kecil/

    https://www.hotelcalimareal.com/togel-online/

    https://anime-game.dougamatome.xyz/slot-gacor-gampang-menang/

    https://anime-game.dougamatome.xyz/togel-online/

    https://bourbonbarrelfoods.com/slot/

    http://suneo39.wp.xdomain.jp/slot/

    https://techbizweb.com/slot-gacor/

    https://www.generalcatalyst.com/18-daftar-slot-gacor-terbaik-gampang-menang-jackpot-hari-ini/

    https://www.hotelcalimareal.com/slot-online/

    https://www.blockgates.io/slot-gacor/

    https://l12.com.br/slot-gacor/

    slot paling gacor

    https://www.donalds-hobby.com/slot-online/

    https://thecryptodirt.com/slot-gacor-hari-ini/

    http://iseta.edu.ar/aulavirtual/app/upload/users/1/1205/my_files/sbobet.html

    http://escuelavirtual.mincit.gov.co/app/upload/users/1/194/my_files/slot.html

    https://www.dev.medecinesfax.org/courses/JUDICASINO/document/slot.html

    http://www.e-archivos.org/cursos/courses/JUDICASINO/document/slot-gacor.html

    http://iesma.com.br/ead/main/upload/users/4/447/my_files/slot.html

    https://www.fundacoop.org/chamilo/app/upload/users/1/1185/my_files/slot.html

    https://fata-aatf.org/eskola/main/upload/users/3/31/my_files/slot.html

    https://uancv.edu.pe/ofinvestigacion/app/upload/users/3/328/my_files/slot-terlengkap.html

    https://micost.edu.my/EL/app/upload/users/2/209/my_files/slot-gacor.html

    https://www.academiacoderdojo.ro/elearningdev/app/upload/users/2/2442/my_files/slot-online.html

    http://campus-cidci.ulg.ac.be/courses/JUDICASINO/document/slot-termurah.html

    https://www.escueladerobotica.misiones.gob.ar/aula-ste/courses/LIVECASINO/document/slot-tergacor.html

    http://ccdipeepccqqfar.usac.edu.gt/chamilo/app/upload/users/3/358/my_files/slot-online.html

    https://cunori.edu.gt/campus/app/upload/users/7/7334/my_files/slot-online.html

    http://u-rus.com.ar/aula/app/upload/users/1/1322/my_files/slot.html

    http://icrodarisoveria.edu.it/chamilo/app/upload/users/1/1855/my_files/slot.html

    https://iestpliliagutierrez.edu.pe/clarolgm/courses/CASINO/document/slot.html

    http://pva.cobach.edu.mx/app/upload/users/7/7379/my_files/slot.html

    http://www.imb-pc-online.edu.gt/PL/app/upload/users/3/373/my_files/slot.html

    http://avcs.upeu.edu.pe/main/upload/users/3333/my_files/slot.html

    https://chamilo.fca.uas.edu.mx/app/upload/users/1/11186/my_files/slot-online/

    TechBizWeb
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Guest Post
    • About Us
    • Privacy Policy
    • Our Authors
    • Terms and Conditions
    • Contact
    © 2022 Tech Biz Web. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.