“Babel is looking at restructuring. They’ve hired Houlihan Lokey or are in the process of hiring them. They’re in the process of signing an engagement letter,” one source told CoinDesk.
Babel will have some kind of outcome over the next couple of weeks, “whether it’s sorting out and getting buy-in from creditors or declaring insolvency or default,” the source added.
Source: https://www.theblock.co/post/155489/babel-finance-restructuring-group-houlihan-lokey?utm_source=rss&utm_medium=rss