The asset management protocol Magnety on StarkNet announced the suspension of operations

Chain Catcher news, the asset management protocol Magnety based on StarkNet announced the suspension of operations. Magnety explained that on-chain asset management is very complex and involves many legal issues, thus requiring a significant amount of legal fees. All investors have been refunded, and the code has also been made public. In June of this year, Magnety launched its testnet.