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News Explorer — Yield App Halts Activity and Enters Liquidation After Losing Funds on FTX

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Jun 28, 3:39 pm

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Yield App Halts Activity and Enters Liquidation After Losing Funds on FTX

Yield App has announced the suspension of all activity on its crypto investment platform after admitting to losing funds on FTX, leading to its decision to enter liquidation and take legal action against third-party hedge fund managers. Despite this announcement, a project launch is still listed on the Angel Launchpad operated by Yield. FTX, which filed for bankruptcy in 2022, is currently facing asset recovery efforts and lawsuits from creditors.

Yield App has announced the suspension of all activity on its crypto investment platform after admitting to losing funds on FTX, leading to its decision to enter liquidation and take legal action against third-party hedge fund managers. Despite this announcement, a project launch is still listed on the Angel Launchpad operated by Yield. FTX, which filed for bankruptcy in 2022, is currently facing asset recovery efforts and lawsuits from creditors.

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