The cryptocurrency investment platform Yield App has ceased operations due to losses from FTX
ChainCatcher news, according to Cointelegraph, the crypto investment platform Yield App has announced that it will immediately cease all operations on its platform.
Previously, Yield App's assets were held by third-party hedge fund managers on the now-defunct cryptocurrency exchange FTX, and suffered portfolio losses, with related lawsuits still ongoing. Although Yield App had previously assured that its exposure to FTX was not significant, this announcement has raised questions about its transparency.
Currently, Yield App has suspended community channels, but will remain open to the public through the support channels on its official website.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
Mention the project
