RE: Well, the only good thing to say about where we closed is...29 Jul 2025 08:07
Bake.io, a product of Cake Group, is ceasing operations in Singapore on May 1, 2025, and will stop offering dCrypto unwrapping services on February 29, 2025. This is due to a transition in management and the sale of Bake.io to GSTechnologies Ltd. The transition to new management includes the cessation of dCrypto unwrapping services due to regulatory reasons.
Here's a more detailed breakdown:
Ceasing Operations:
Bake.io, previously under Cake Group, will cease operations in Singapore on May 1, 2025.
New Management:
The platform was sold to GSTechnologies Ltd., a company focused on fintech.
End of dCrypto Unwrapping:
Bake.io will also discontinue dCrypto unwrapping services, such as dBTC, dETH, and dUSDC, starting February 29, 2025, due to regulatory reasons.
Surely this type of downsize would result in scaling down your operations in Singpaore? Hosp downsized huge in Nov 2024 so its the norm for staff to be downsized when this transpires.....Hence them looking to fill senior positions on part time contracts etc....