Crypto lending platform Babel Finance halts withdrawals citing ‘liquidity pressures’

Last month, the company had completed an $80 million Series B financing round, attaining a valuation of $2 billion. Babel limits its business to Bitcoin, Ethereum, and stablecoins, and serves a select clientele of about 500 customers

from Moneycontrol Business News https://www.moneycontrol.com/news/business/crypto-lending-platform-babel-finance-halts-withdrawals-citing-‘liquidity-pressures’_16506081.html