Crypto lender Babel Finance halts withdrawals due to liquidity pressures

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Another day, another crypto lending firm making news for the wrong reason. Babel Finance becomes the latest after announcing a temporary suspension of redemptions and withdrawals from its products due to “unusual liquidity pressures.'

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.Friday a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.”

The firm said that it’s in close communication with “all related parties” on the matter and is doing its best to best protect its customers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

not your keys, not your coin ;)

Just wait until Bitcoin and Ethereum drop lower

With the continuous crash in prices of cryptos, I decided to get into binary options, I've made over 500% profit in less than an 2 weeks.

Looks like in-chain reaction is happening

RichardHeartWin

Our foundation is stable! Minato will continue to move forward to reveal our potential! We will change the crypto space! BIG things 🔜 🌲 Pioneering Web3 ⛽️ Zero Gas Fees ✅ Metaverse ✅ NFT ✅ move2earn ✅ P2EGame Minato_Kanji binance coinbase FTX_Official FMEX BNB

Regardless WAGMI✍️

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inverse Finance DeFi Drained, Here's What's Special About This HackInverse Finance, large digital bank, is under attack; over $1.25 million in liquidity might be stolen
Source: Utoday_en - 🏆 295. / 63 Read more »