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Cake Group, the parent company of crypto investment platform Bake.io, applies for liquidation of the company

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On December 7th that Chua U-Zyn, co-founder and CTO of Cake Group, the parent company of Singapore's encryption investment platform Bake.io, has applied for the liquidation of the company in the Singapore High Court.Earlier on November 14th, Cake Group announced a 30% reduction in staff. 

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