Cryptocurrency News

Crypto lender Babel Finance halts withdrawals due to liquidity pressures

06/17/2022

Less than a minute

2022.06.17 17:21

Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.

Babel Finance officially announced June 17 a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.”

06/17/2022

Less than a minute

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