News Snapshot:
China-based Babel Finance has been a prominent crypto-lending company for a while now. However, it has been in troubled waters recently. The trouble, in fact, came in full force after the Black Thursday crash in March. Tether trouble According to an investigative report by Colin Wu, Babel Finance was badly affected by the crypto-market crash that took place on 12 March. In fact, the company allegedly lost almost all its funds and customers due to an acute shortfall. Days before the crash, the crypto-lending company had claimed to have $380 million in outstanding loans, as of February, according to reports...
