Babel Finance Halts Withdrawals as DeFi Collapse Continues!

Babel Finance has become the latest DeFI platform to halt withdrawals today joining Celsius Network who did the same earlier this week. Three Arrows Capital or 3AC is rumored to be the next to fall as Ethereum prices threaten liquidation of their loans. Tether remains the end game that will crash the entire Crypto Market virtually overnight. Due to the proliferation of Decentralized Finance or DeFi, cyrptocurrency has essentially become an extension of the debt market. Debt has turned toxic since the Federal Reserve has begun it’s tightening cycle.

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