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.

Why has Babel finance suspended withdrawals & redemptions?

Hong Kong-based crypto lender Babel Finance has suspended withdrawals and redemptions, according to an announcement on the company's website. "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.

How much did Babel finance raise last month?

Last month, Babel raised $80 million in a Series B round with a valuation of $2 billion. At the end of 2021, Babel Finance had an outstanding loan balance of over $3 billion, up from $2 billion the previous February. It averaged $800 million in monthly derivatives trading volume and had structured and traded over $20 billion in options products.