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After Terra(LUNA), Celsius Network(CEL) & 3AC, Babel Finance in Deep Waters

The post After Terra(LUNA), Celsius Network(CEL) & 3AC, Babel Finance in Deep Waters appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Babel Finance, an Asian-based crypto financial service has now halted client withdrawals amid the turmoil within the crypto space. The Hong-Kong based crypto lender Babel Finance through an announcement on its official website said,

“ Some institutions in the industry have experienced a conductive risk events,” and for this reason, “Babel Finance is facing unusual liquidity pressures”

To be updated soon

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