Synthetic asset platform Kresko will shut down the project, and users need to withdraw funds as soon as possible

BlockBeats reported that on August 21, according to an official announcement, the synthetic asset platform Kresko will shut down the project. The announcement stated that the founder of the project has been facing serious health problems, which have worsened recently. After careful consideration and exploration of various alternatives, the team concluded that the project should be shut down, saying "this is the best course of action."

The announcement reminded users to complete asset withdrawal and migration before September 10.

Last November, the synthetic asset platform Kresko announced the completion of a $1.8 million strategic round of financing, led by Electric Capital and Zero Age Ventures, with participation from WAGMI Ventures, GTS Ventures, Oak Grove Ventures, MH Ventures and Gui Laliberte.