Babel Finance Halts Withdrawals Due To Unusual Liquidity Pressure
Unusual liquidity pressures force Babel Finance to suspend
Crypto lender Babel Finance halts withdrawals due to
Babel Finance Halts Withdrawals Due to “Unusual Liquidity Pressure”
The firm stated it was
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 Lending Platform Babel Finance Pauses Withdrawals, Citing
Babel Finance Halts Withdrawals Due to 'Unusual
Babel limits its business to
Babel limits its business to Bitcoin, Ethereum, and stablecoins, and serves a select clientele of about 500 customers. Amid bearish market sentiments, cryptocurrency
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 Finance Suspends Withdrawals, Citing 'Unusual Liquidity
Crypto lender Babel Finance is
Crypto lending platform Babel Finance halts withdrawals citing
Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital.
Babel Finance, a Hong Kong-based cryptocurrency lender, announced restricting withdrawals and redemptions on its website.