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  4. Midas Investments close down amid $63M DeFi portfolio deficit
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Midas Investments close down amid $63M DeFi portfolio deficit

Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio. In an announcement, the...
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Midas Investments close down amid $63M DeFi portfolio deficit

Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio.

In an announcement, the company’s founder and CEO Iakov Levin also known as “Trevor” wrote that the move is partly because the fund’s DeFi portfolio lost $50 million, which is 20% of its $250 million assets under management (AUM).

Breakdown of the balance deficit. Source: Midas Investments

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