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crypto

Crypto Asset Manager Babel Finance Pauses Withdrawals

By
Aidan Ryan
· · Source: The Information

Crypto asset management firm Babel Finance has halted redemptions and withdrawals as it faces “unusual liquidity pressures,” the company wrote in a blog post on Friday. Based in Hong Kong, Babel provides institutional investors with services like crypto lending, borrowing and trading. The pause on withdrawals means that investors who had deposited crypto with the firm can’t get it out. Babel...

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