Multi-signature wallet Linen Wallet will close and cease operations on November 30, and remaining funds will be returned to investors
On November 1st, Linen Wallet, a multi-signature wallet built on Safe, announced that it will be shutting down its application on November 30th and ending its operations. The remaining funds will be returned to investors. Assets in Linen Wallet are safe, as Linen is only the interface for managing Safe multi-ID wallets. Users can still manage their assets using other interfaces. After November 30th, Linen's infrastructure will be completely shut down, and the application, email, and Intercom chat support channels will be discontinued. Linen Wallet stated that the reason for its closure is due to a decrease in demand for advanced self-custody solutions among retail investors and regulatory uncertainty.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Synthetic Bitcoins Released on TON Network
In the latest update, the developers Telegram added ads in bots
Russian Crypto Services Conquer Market Thanks to Sanctions
A whale sold 90,000 SOL in the past 15 hours in exchange for 14.87 million USDC