Cryptocurrency investment platform Yield App shuts down due to FTX losses
2024-06-28 11:20:42
Yield App, a cryptocurrency investment platform, announced today that it will immediately cease all business on its platform. The move is aimed at ensuring that all users and stakeholders are treated fairly and equally, according to an official statement. It is understood that the decision stems from the loss of Yield App assets held by third-party hedge fund managers on the FTX exchange, and the relevant fund managers are facing ongoing litigation.
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