Crypto platform Yield App, backed by AGE Crypto and Alphabit, has announced it is shutting down following losses associated with the collapse of FTX. 📉 Yield App, founded in 2020, advertised itself as a “one-stop platform for managing crypto assets.” Now the company is trying to regain its funds stuck on the FTX crypto exchange. The reason was losses from the “criminal” management of the Swiss hedge fund Tyr Capital Partners FTX collapsed in November 2022 amid allegations of embezzlement and misappropriation of billions of dollars of client funds.