DeFi is still a human affair! Synthetic asset protocol Kresko announces closure due to deteriorating health of founder.

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Kresko Announces Closure: Team Shifts Focus to New Project Kopio

Kresko will officially close on September 10, 2024. Kresko stated that due to health issues of the founder, they are announcing the cessation of operations. This decision was difficult, but after years of hard work and dedication, the team ultimately made this tough choice. With the recent deterioration of the founder's health, after careful consideration and exploring various alternatives, it was confirmed that closing the platform is the best way forward.

Team Forks: Kopio to Carry on the Mission

Despite Kresko ceasing operations, the original mission of "making wealth accessible" remains. Some team members have decided to fork the existing protocol and launch the new platform Kopio to continue this mission. Users are required to withdraw or transfer their assets by September 10, 2024.