BABEL FINANCE HALTS WITHDRAWALS DUE TO UNUSUAL LIQUIDITY PRESSURE

Babel Finance

Babel Finance, a Hong Kong-based cryptocurrency lender, announced restricting withdrawals and redemptions on its website.

Babel limits its business to Bitcoin, Ethereum, and stablecoins, and serves a select clientele of about 500 customers. Amid bearish market sentiments, cryptocurrency

Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital.

The Firm Stated It Was

Babel Finance Halts Withdrawals Due to 'Unusual

Unusual liquidity pressures force Babel Finance to suspend

The firm stated it was “facing unusual liquidity pressures” amid a border crash in cryptocurrency prices, citing a lack of available assets readily on-hand as the basis of

Due To The Ongoing Crypto

Due to the ongoing crypto market meltdown, Babel Finance, an Asian-based crypto lender firm, has suspended all their products’ redemptions and withdrawals from clients

Crypto lending platform Babel Finance halts withdrawals citing

Babel Finance Halts Withdrawals Due to “Unusual Liquidity Pressure”

Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity

Crypto lender Babel Finance halts withdrawals due to

Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing