2020 has not been the best of years. And unfortunately for retail investors who have vested money with CA Funding Pte. Ltd (formerly CoAssets Pte. Ltd), a debt-based crowdfunding platform based in Singapore – it seems to have gotten worse. Note: CoAssets was rebranded to become CA Funding back in Nov 2020 to differentiate between the Monetary Authority of Singapore (MAS) regulated subsidiary and the rest of the CoAssets Group. However, as the name CoAssets is more widely known, we will be referring to CA Funding as CoAssets. According to Tech in Asia, the company has allegedly winded up and transferred about US$30 million (S$39.8 million) of its debt to Hong Kong-based Sunfits Investments Limited. In a note that would be troubling to investors, Sunfits stated that it could not collect on the debt as there is no ‘visibility’ on any the assets. As such, the ‘firm is insolvent. While some earlier investors got back their money...