The parent company of Singapore's crypto investment platform Bake, Cake Group, has submitted a liquidation application

ChainCatcher news, according to Tech in Asia, Chua U-Zyn, co-founder and CTO of Cake Group, the parent company of Singapore's crypto investment platform Bake, has submitted a liquidation application to the Singapore High Court on December 1. The reasons for the liquidation are unclear, and a hearing for creditors or any parties that may oppose the liquidation is scheduled for December 22 at 10:00.