Midas Crypto Investments Closing Down Network Owing Losses

According to a blog article from CEO and owner Iakov “Trevor” Levin, Midas Investments, an investment company that concentrated on DeFi yields, is closing its platform as a result of large losses sustained in 2022. The Drop in the DeFi Portfolio of Midas Investments Levin stated that the Midas DeFi portfolio dropped $50 million, or 20% of its $250 million in assets under management (AUM), this past spring. Furthermore, its network had over 60% of AUM removed after the failure of Celsius and FTX. Levin stated that the investment firm made the tough choice to terminate the platform based on The post Midas Crypto Investments Closing Down Network Owing Losses appeared first on Cryptoknowmics-Crypto News and Media Platform .