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Crypto lending platform Babel Finance reaches counterparty debt agreement

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cointelegraph.com

Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties.

As previously reported, the firm issued a temporary suspension of redemptions and withdrawals from its products on June 17 after citing “unusual liquidity pressures” in the current bear market.

Read more on cointelegraph.com
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