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Another disaster waiting to happen? Babel finance suspends crypto withdrawals

  • Hong Kong-based Babel finance is suffering from the current crypto bear market.
  • The number of crypto firms experiencing financial implosion keeps rising.

Babel finance, a crypto-financial service provider out of Hong Kong, joins the list of companies struggling to cope with the current bear market. The company announced a temporary suspension and redemption of digital assets on Friday.

Why Babel is suspending
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