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Benzinga
Benzinga
Business
Murtuza Merchant

Crypto Lending Platform Babel Halts Withdrawals Citing 'Liquidity Pressures'

Amid bearish market sentiments, cryptocurrency lending platform Babel Finance has announced that it was halting withdrawals as it was facing “unusual liquidity pressures.”

The announcement comes days after another Crypto lending platform Celsius (CRYPTO: CEL) paused withdrawals over what they labeled "extreme market conditions."

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