According to crypto news and research website The Block, beleaguered crypto lender Babel Finance is starting to lose several key employees just weeks after the firm suspended withdrawals and battled Insolvency rumors.
Head of global partnerships at Babel deleted his LinkedIn profile
Reports have it that some of Babel Finance key employees have called it quits during the last few weeks which saw the crypto lender involved in a scandal and the subsequent pause of withdrawals of clients’ funds.
According to The Block News, one of such employees is Yulong Liu, head of global partnerships, he reportedly has plans to leave by the end of this month or early next month. Liu is a prominent employee of Babel as he represented the firm at public events.
He recently updated LinkedIn to notify that he left Babel this month and has since deleted his profile. Liu has worked for Babel Finance for nearly three years. A spokesperson for Babel told the Block that Liu is still working for Babel and refused to comment on his planned resignation.
Babel Finance raised $80 million in a series B funding last month just before they began having issues and they discussed plans to expand globally, especially in the UK and Latin America. The firm has however said it had reached “preliminary agreements on the repayment period of some debts”.
