According to Foresight News, according to Cointelegraph, the crypto investment platform Yield App announced that it will immediately stop all operations on its platform. Previously, Yield App's assets were hosted by a third-party hedge fund manager on the defunct cryptocurrency exchange FTX, and suffered portfolio losses, and related lawsuits are still ongoing.
Although Yield App has previously assured that its exposure to FTX is not significant, the announcement raises questions about its transparency. Currently, Yield App has suspended community channels, but support channels through the official website will still be open to the public.
