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Zipmex Confirms Loans Worth $53M to Babel and Celsius

CoinDesk reported Wednesday that the exchange's financial difficulties link back to crypto lender Babel Finance.

By Helene Braun
Updated May 11, 2023, 3:36 p.m. Published Jul 21, 2022, 6:05 p.m.
Singapore-based crypto exchange Zipmex's loan business with Babel Finance and Celsius is part of the reason why the exchange is having financial difficulties. (Swapnil Bapat/Unsplash)
Singapore-based crypto exchange Zipmex's loan business with Babel Finance and Celsius is part of the reason why the exchange is having financial difficulties. (Swapnil Bapat/Unsplash)