YIELD App — News channel

Dear Yield App Community,

Yield App’s appointed liquidators, Cork Gully have updated their FAQs to provide further answers for Yield App customers and stakeholders ahead of the appointment of a claims administrator. To view them, please head to Yield App’s website https://yield.app.

Sincerely,

Stephen Cork and Hadley Chilton, joint liquidators
For and on behalf of Yield App Limited

Yield App appoints liquidator Cork Gully LLP

Dear Yield App Community,

We regret to inform you that Yield App has commenced insolvent liquidation proceedings. As part of this process, Stephen Cork and Hadley Chilton of Cork Gully LLP have been appointed as the joint liquidators to oversee the orderly winding-up of Yield App.

The liquidators’ role includes assessing Yield App’s financial affairs, collecting and liquidating assets, and managing customer and stakeholder claims in accordance with legal requirements. Subsequently, all communications concerning liquidation proceedings will now be directed through Cork Gully.

Our priority is to optimise the realisable value from Yield App for all parties and we will ensure that all stakeholders, including creditors, customers, employees, and regulatory authorities are informed and supported throughout the process.

During this challenging period, the liquidators are committed to a robust, transparent and efficient process and will provide regular updates on the progress of the liquidation.

We understand that this news may raise questions, and we encourage customers and stakeholders to refer to the FAQs that have been posted on Yield App’s homepage for more information about liquidation proceedings. Customers can also continue to email Yield App through its website support channel.

Sincerely,

Stephen Cork and Hadley Chilton, joint liquidators
For and on behalf of Yield App Limited

Update on completed Angel Launchpad deals:

All funds raised in the Me3 and Raiinmaker deals on Angel Launchpad have been sent to the respective projects in full. All users who participated in these deals will receive their tokens from the respective projects.

Suspension of platform activity ahead of liquidation proceedings

28 JUNE 2024, 04:15 UTC: Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday 28 June 2024, announcing the suspension of all activity on the digital wealth platform yield.app as the company prepares to enter liquidation proceedings.

This follows the realization of portfolio losses incurred through third-party hedge fund managers that held Yield App assets in custody on the collapsed cryptocurrency exchange FTX, and who are subject to ongoing litigation.

With immediate effect, all activity on yield.app will be halted as Yield App consults with liquidators. This decision has been made to ensure fair and equal treatment for all Yield App’s users and stakeholders.

During this time, community channels will be suspended while a support channel will remain open via https://yield.app.

Yield App asks for the patience of its valued customers as it works with its advisors, with whom it jointly commits to releasing further information, including detailed FAQs, at the earliest possible date.

🌟 Join us at the Rooftop Session hosted by Brussels Blockchain Week, Kiln, BitGo, 1inch, and Yield App!

📅 July 8th
⏰ 5:30 PM - 10:30 PM
📍 Albert Rooftop, Brussels

RSVP now for an evening of insights, networking, and stunning views! 🌆✨
https://lu.ma/8y77wgs8

✍️ The newest issue of Digest, your bi-weekly news roundup from Yield App, is out now!

Explore the latest on Ethereum’s escape from the SEC, Airdrop hysteria, and the Kraken disputes in this week’s edition.

Stay informed, stay ahead! 👀
https://on.yield.app/3VOShrC

🎉 We're excited to announce Kerberus as the next deal in our Angel Launchpad! 🚀

💻🔐 Kerberus is the leading Web3 security extension, protecting you from scams, phishing and hacks.

Stay tuned for more details and updates about pledging!

🚀 Our Referral Club is back and bigger than ever!

🥇💰 Refer your friends for your chance to claim a share of a 10,000 USDT prize pool!

Find all the details here: https://on.yield.app/3z19Hsm

This week's #YieldPro newsletter breaks down $BTC trends, price action and how Yield App’s Buy-low product can be used in current market conditions.

Check it out 👉
https://on.yield.app/4bXw54b

🗞️ Presenting Digest, your bi-weekly news roundup from Yield App!

From high-profile frauds to significant government decisions and heated trademark battles, let's dive into the highlights that are shaping the crypto landscape 👉 https://on.yield.app/4c7DnlL

Introducing the My Portfolio page! ✨

Easily manage and understand your crypto investments:
📈 Track your portfolio growth
👀 View earnings at a glance
📊 Check asset allocations
🚀 Pledge in Angel Launchpad deals
🤝 Swap and deploy assets

Available now in BETA on your desktop app and on mobile web!

🎉 The final Referral Club leaderboard is here!

🏆👏 Thank you to everyone who participated, and congratulations to all the winners!

💸 ✨ Never forget your wallet again!

You can now integrate your crypto wallet directly into your Yield App account, so you'll always have it with you. 

🔍 Find it now in your desktop app!

Check out our blog for more details: https://on.yield.app/4aUbpJ8

🇮🇹 A massive 'grazie' to everyone who joined us at Coinbar in Rome on Friday! It was amazing to connect with our Italian community.

Congratulations to the winners of the Ledger wallets and Yield App merch!

We can't wait to see you at the next event 🎉

⏳ Only one day left to join our Referral Club and secure your spot on the leaderboard!

🚀 Join now for a chance to win a share of the 5,000 USDT prize pool!

📋 Find all the details here: https://on.yield.app/4bQ7ONj

The updated Referral Club leaderboard is here!

An incredible turnout so far from our communities in 🇮🇹 Italy, 🇵🇹 Portugal, and 🇷🇴 Romania!

🎉 There's still time to join and win a share of a 5,000 USDT prize pool. Find all the details here 👉 https://on.yield.app/4bQ7ONj

🇮🇹 In Rome for Blockchain week? Join us tomorrow, Friday 31 May, for our first Italian meetup!

Come meet the team, enjoy some free drinks, and get a chance to win Ledger wallets and Yield App merch!

RSVP here: https://www.eventbrite.com/e/yieldapp-italia-meet-up-tickets-899003813607

🌧️✨ An important update from our friends over at Raiinmaker!

👀 Check it out: https://x.com/Raiinmakerapp/status/1795493631635206207

Join our ambassador, Romain Juillet, in Brussels next week!

📅 Wednesday 5 June 2024, 18:00
📍 Silversquare Bailli, 231 Avenue Louise, Brussels

Find more details and RSVP: https://x.com/Cryptosquare_be/status/1795438120609169897

🏆 Have you made it to the Referral Club leaderboard?

Join now to claim your share of the 5,000 USDT prize pool!

Find all the details here: https://on.yield.app/4bQ7ONj