Crypto platform Yield App shuts down citing FTX losses

Yield App halts operations, citing losses from FTX exposure, despite previous assurances of no significant impact.

Yield App, a Seychelles-incorporated crypto investment platform, announced on June 28 that it would halt all operations on its platform with immediate effect.

An official statement said that the decision “had been made to ensure fair and equal treatment for all Yield App’s users and stakeholders.”

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