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

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Babel Finance, an Asia-primarily based crypto money services, has now halted consumer withdrawals amid turmoil in the crypto room. Hong Kong-primarily based crypto loan company Babel Finance stated by way of an announcement on its official web-site:

“Several institutions in this sector have experienced risk events leading up to” and for this explanation “Babel Finance is facing unusual liquidity pressure”

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