Defunct Crypto Investment Platform Launches New DeFi Platform Locus Finance

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Founder of defunct crypto investment platform Midas Investments, Iakov Levin, has launched Locus Finance, a DeFi platform that offers high-yield tokenized vaults. It offers Ethereum staking, DeFi growth, and arbitrage trading products. Levin aims to provide investors with an easy trading option without blockchain knowledge, protocol management, or everyday portfolio management. Midas Investments had over $250m under management but lost $50m in 2022, which forced its closure in December of that year.