Babel Finance Halts Withdrawals Due to “Unusual Liquidity Pressure”

Crypto lender Babel Finance halts withdrawals due to

Babel Finance Halts Withdrawals Due to 'Unusual

Babel Finance

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

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

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

The firm stated it was

Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing

Crypto lending platform Babel Finance halts withdrawals citing

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

Crypto lender Babel Finance is

Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity

Unusual liquidity pressures force Babel Finance to suspend

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