# Crypto lender Babel Finance halts withdrawals due to liquidity pressures

# Crypto lender Babel Finance halts withdrawals due to liquidity pressures

” 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.” “Recently, the…

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