Another company stopped work due to the bankruptcy of FTX

Representatives of the cryptocurrency betting platform Mojito Markets, which is made on the Aptos blockchain, spoke about stopping a kind of activity. As in the case of other recent closures of the sites, the collapse of the American cryptocurrency exchange FTX became the reason for the shutdown of Mojito Markets.

The announcement of an unpleasant event appeared on a Twitter account, where the project administration explained the situation. According to them, with the closure of FTX, all funds of Mojito Markets were lost. In addition, Alameda Research acted as a market maker for the betting platform, which also complicated the situation.

According to the administration of Mojito Markets, along with the collapse of FTX, not only the company's funds disappeared, but also the personal finances of the owners of the site, and therefore they, along with their clients, experience the bitterness of losing their savings. The developers said that they "resigned themselves to reality and decided to suspend the project."

In the future, Mojito Markets would like to resume their work, but they are not sure that they will be able to do this. If the administration manages to continue with its project, steps will be taken in the future to improve the security and resilience of Mojito Markets.

As one of the next steps, the administration of Mojito Markets is considering reissuing the MOJO token on the Ethereum blockchain instead of Aptos. Such a move will allow the platform to move to support multiple networks.

In addition to adapting to other networks, it will also be possible to gain greater access. It will also help improve the financial stability and security of users and help avoid similar situations in the future.

According to experts from the bank Jeferies Financial Group, who conducted an analysis of FTX, creditors of the American cryptocurrency exchange can count on a return of 40% of funds at best.