According to The Block, Satori Finance, backed by institutions including Polychain Capital and Coinbase Ventures, has announced the cessation of its operations, requiring users to withdraw their assets before July 17, 07:59 (UTC+8). Satori Finance previously raised $10 million in seed funding in 2022 and deployed across networks such as Arbitrum, Optimism, and BNB Chain, offering up to 25x leverage and a points mining model.
Satori Finance Announces Cessation of Operations; Users Must Withdraw Assets by July 17
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Summary
Satori Finance, a real-world assets (RWA) news focal point, has announced it will cease operations. Users must withdraw their assets by 07:59 UTC+8 on July 17. The platform, backed by Polychain Capital and Coinbase Ventures, operated on Arbitrum, Optimism, and BNB Chain, offering 25x leverage and a points-based mining model. Satori raised $10 million in seed funding in 2022. This update falls under on-chain news and affects active users.
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