Remember Midas Investments? Well they just collapsed.

I remember a lot of people here saying Midas Investments is the only good platform to keep your money on and earn. They are completely transparent and I trust them. So their token went from $38 to zero over night, their swap feature was shut off and they sent out that dreaded email nobody wants.

The one caveat though, is maybe they aren’t complete scumbags and have full liquidity for their customers. Because they state in the email people will be able to withdraw 100% of their funds. Just if you had it all in Midas, you’re hooped.

I know these guys weren’t very big, so a lot of you probably haven’t heard of them, but just another reminder to people still taking these big risks with these CeFi platforms.