TechFlow reported, according to Cointelegraph, that crypto investment platform Yield App has announced the immediate cessation of all operations on its platform. Previously, Yield App's assets were held by third-party hedge fund managers on FTX, the now-collapsed cryptocurrency exchange, resulting in portfolio losses, with related legal proceedings still ongoing. Although Yield App had previously assured users that its exposure to FTX was insignificant, this announcement has raised questions about its transparency. Currently, Yield App has suspended its community channels, though its official website support channels remain open to the public.
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