Crypto exchange Zipmex blocks withdrawals, Aussie staff fired - The Australian Financial Review

A $68 million loan to troubled crypto lender Babel Finance, and a smaller loan to bankrupt crypto bank Celsius, has blown a hole in the balance sheet of the Australia-founded exchange.

Babel has also defaulted on a loan from lenders on Melbourne-based corporate lending platform Maple Finance. In a letter to customers on Thursday, Zipmex founder and chief executive Marcus Lim confi… [+2333 chars]

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