Hong Kong-Based Crypto Firm Suspends Withdrawals Less Than a Month After Closing $80,000,000 Funding Round

Hong Kong-Based Crypto Firm Suspends Withdrawals Less Than a Month After Closing $80,000,000 Funding Round


The Daily Hodl
2022-06-18 18:45:25

A Hong Kong-based crypto financial service provider is freezing withdrawals within weeks of closing a multi-million-dollar funding round. Babel Finance, which primarily works with institutional investors, and high-net-worth individuals, announced the firm is temporarily suspending customer withdrawals due to crypto market volatility and liquidity issues. “Recently, the crypto market has seen major fluctuations, and some […]The post Hong Kong-Based Crypto Firm Suspends Withdrawals Less Than a Month After Closing $80,000,000 Funding Round appeared first on The Daily Hodl.