Babel Finance Announces Suspension of Withdrawals and Redemptions

According to an announcement by crypto-finance provider Babel Finance, the crypto market has seen major fluctuations recently, and some institutions in the industry have experienced conductive risk events. Due to the current situation, Babel Finance is facing unusual liquidity pressures. They are in close communication with all related parties on the actions they are taking in order to best protect their customers. During this period, redemptions and withdrawals from Babel Finance products will be temporarily suspended, and resumption of normal service will be notified separately.