Cryptocurrency investment platform Yield App shuts down due to FTX losses

Cryptocurrency investment platform Yield App announced today that it will immediately stop all operations on its platform. The official statement said that this is to ensure that all users and stakeholders are treated fairly and equally. It is reported that this decision was due to losses suffered by Yield App assets held by a third-party hedge fund manager on the FTX exchange, and the related fund manager is facing ongoing litigation.