Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Cointelegraph

Published Jun 17, 2022 08:38AM ET

Updated Jun 17, 2022 10:20AM ET

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.”

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