Babel Finance suspends withdrawals, citing ‘unusual liquidity pressures’

Babel FinanceThe AsiaA crypto-based financial services company, suspended client withdrawals during crypto market turmoil. 

“DueTo the current situation Babel FinanceAccording to a notice posted on its website, “is facing unusual liquidity tensions.” Friday. “WeWe are in close contact with all relevant parties to discuss the actions we are taking to best protect our clients. DuringDuring this time, withdrawals and redemptions are permitted Babel FinanceProducts will temporarily be suspended. Resumption of normal services will be notified separately.

BabelA request for comment was not immediately answered by the company. The Block. 


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