More than 60% of the assets under management at Midas were removed as a result of the failure of Celsius Network and FTX. As a result, Midas Crypto exchange is declaring bankruptcy.
Iakov "Trevor" Levin, the CEO and creator of Midas Investments, said on his blog on Tuesday that the company is closing its service due to losses this year. Midas Investments was an investment firm that concentrated on DeFi (decentralized-finance) yields.
According to Levin, the Midas DeFi portfolio droppe...
