A Singapore court has withheld a decision on embattled crypto lender Babel Finance’s request for an extension of creditor protection, as it seeks more clarity on a proposed restructuring following objections raised by creditor Deribit, Babel’s co-founder and sole director Flex Yang said.

Hong Kong-based Babel, which also operates in Singapore, owes about $750 million to $800 million to creditors and its ongoing moratorium of protection against creditor action ends on April 5. 

The court granted an interim moratorium until the next hearing date for Babel’s creditor protection plea on April 17.