Crypto investment platform Yield App has announced that it will cease all operations on its platform with immediate effect. Yield App previously suffered portfolio losses after its assets were hosted by third-party hedge fund managers on defunct cryptocurrency exchange FTX, and related litigation is ongoing. Currently, Yield App has suspended community channels, but support channels through the official website will still be open to the public. Yield App had guaranteed in 2022 that its exposure to FTX was not significant, but the announcement raised questions about its transparency. (Cointelegraph)