Questions tagged [suspend withdrawals]

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Valentina Valentina Sun Jul 07 2024 | 5 answers 1385

Why did Babel finance suspend withdrawals & redemption of crypto assets?

Could you elaborate on the recent decision by Babel Finance to suspend withdrawals and redemption of crypto assets? What were the underlying reasons for this sudden move? Did it have to do with liquidity issues, market volatility, or perhaps a security breach? How is this affecting their clients and investors? What steps are Babel Finance taking to ensure the safety of their customers' funds and when do they expect to resume normal operations? Clarifying these points would provide much-needed transparency and reassurance for those impacted by this unexpected announcement.

Why did Babel finance suspend withdrawals & redemption of crypto assets?

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