Zipmex's Withdrawal Suspension May Be Linked to $100 Million Loan to Babel

According to CoinDesk, cryptocurrency exchange Zipmex's withdrawal suspension may be related to the huge losses caused by the $100 million loan it previously provided to Babel. Zipmex has reportedly started to engage with investors to find new funding. Previously, Zipmex announced that it suspended withdrawals on July 20th due to volatile market conditions and other reasons.