Yield App Ltd, a crypto investment platform, has ceased operations following losses linked to the collapse of the FTX (CRYPTO:FTT) exchange.

The decision aims to ensure fairness for all users amid ongoing litigation involving assets held by third-party hedge funds on FTX.

Despite earlier assurances of minimal exposure, Yield App admitted significant losses, raising questions about transparency.

Users now face uncertainty as they cannot access their assets, while the platform maintains a support channel for updates.

The incident emphasises the volatility and challenges faced by crypto platforms in navigating market disruptions like the FTX collapse.