Crypto platform Yield App shuts down citing FTX losses: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1719632013617-YAKIHONNES3.jpg Yield App, a Seychelles-incorporated crypto investment platform, announced on June 28 that it would halt all operations on its platform with immediate effect.
Yield App, a crypto investment platform incorporated in Seychelles, has announced the immediate halt of all operations on its platform due to losses incurred from exposure to FTX, a collapsed cryptocurrency exchange . The decision to shut down the platform was made in the best interest of creditors after pursuing litigation against several hedge funds that incurred substantial losses on assets held in custody on FTX
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