# Crypto lending platform Babel Finance reaches counterparty debt agreement

# Crypto lending platform Babel Finance reaches counterparty debt agreement

” Crypto lending platform Babel Finance reaches counterparty debt agreement “ Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties. As previously reported, the firm issued a temporary suspension of redemptions and withdrawals from its products on June 17…

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# 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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