Blocto Wallet will cease operations on December 18, 2025, after five years of operation due to continuous losses exceeding 5.5 million USD. The price of FLOW token has dropped over 99% since its peak in 2021, contributing to significant financial difficulties for Blocto.
Users must withdraw their assets and export private keys to maintain access before the shutdown. The Blocto staking service will remain active, and users are warned not to share their private keys.
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