Yield App suspends all platform activities and enters liquidation process

Odaily News Yield App announced that it will immediately suspend all platform activities and enter the liquidation process. The community channels will also be suspended, but the support channels provided through Yield.app will remain open. It is reported that a third-party hedge fund manager previously hosted Yield App assets on the defunct cryptocurrency exchange FTX, resulting in portfolio losses and is currently facing litigation. (TheBlock)