TechFlow news, November 28 — According to TheBlock, DeFi derivatives protocol Cega announced it has been acquired by a "leading platform," though the acquirer's name and purchase price were not disclosed. The company stated it will retire its product suite by the end of the year, its platform no longer accepts deposits, and users are urged to begin withdrawing funds as its services will cease by the end of this year.
Cega said on X: "Cega's original vision was to pioneer the next evolution of DeFi derivatives. Today, we're excited to announce that we've been acquired by a leading platform, which will continue advancing this vision. Our team is incredibly proud to have led the way in bringing exotic options to DeFi, processed 500 million transactions, and securely safeguarded user funds over the past three years."
