Why did Babel finance suspend client withdrawals?

Babel Finance, the Asia-based crypto financial services firm, suspended client withdrawals amid turbulence in crypto markets. "Due to the current situation, Babel Finance is facing unusual liquidity pressures," according to a notice on its website on Friday.

Is Babel finance facing unusual liquidity pressures?

"Babel Finance is facing unusual liquidity pressures," the statement reads, before alluding to major fluctuations in the market and "conductive risk events" among institutional market participants. Last month, Babel raised $80 million in a Series B round with a valuation of $2 billion.

What is a liquidation basis Financial Reporting Standard?

Liquidation Basis Financial Reporting Standard: Principles and Requirements for Recognition, Measurement, Presentation and Disclosure 17 (m) Any other information relevant to the liquidation the management of the entity deems necessary for understanding the liquidation circumstances and information presented in the financial statements.

How dependable is the stability of assets in liquidation?

The very dependability of such a prediction will cause human actions that will invalidate it. For stability means resistance to change and hence greater dependability for the results shown in the past. The following schedule indicates fairly well the relative dependability of various types of assets in liquidation.