The synthetic asset platform Kresko will shut down the project, and users need to complete asset withdrawals and migrations by September 10.

ChainCatcher news, the synthetic asset platform Kresko has announced the closure of its project.

Kresko's announcement states that the project's founder has been facing serious health issues, which have recently worsened. After careful consideration and exploring various alternatives, the team has concluded that closing the project is the best course of action.

The announcement reminds users to complete asset withdrawals and migrations by September 10.

Previous news, on November 8, 2023, Kresko completed a $1.8 million strategic financing round, led by Electric Capital and Zero Age Ventures. On October 6, 2021, Kresko completed a $2.35 million seed round, led by Electric Capital and Polychain.