Tag: Babel Finance

Singapore Crypto Exchange Zipmex Extends Withdrawel Freeze

Crypto Charlene Lensburg - July 22, 2022

Zipmex has become the latest crypto platform to suspend withdrawals. The Singapore-based crypto exchange Zipmex froze withdrawals due to financial difficulties that link back to the troubled crypto lender Babel Finance. On Thursday, Zipmex tweeted that it would extend the withdrawal freeze resulting from its financial difficulties. According to several industry sources, Zipmex may face losses from funds lent to Hong Kong-based lending platform Babel Finance and collapsed Celsius Network.

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