Ctrl Wallet will cease operations on August 3rd.
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Solana's on-chain NFT platform, Exchange Art, will cease operations on August 1st.
PANews reported on July 3 that Exchange Art, the on-chain NFT art platform on Solana, announced it will officially cease operations on August 1, 2026. The platform stated that due to the prolonged slump in the on-chain art market and the inability to find a sustainable financial path, it has decided to shut down. Users will need to access their accounts and retrieve necessary information before the shutdown. All works and funds held in custody and sales contracts on the platform will be released to their owners before the shutdown. All artworks have been minted on the Solana blockchain and can be imported into other markets; artists and collectors can ensure the safety of their works without any additional action required.
EMURGO announced that SecondFi, the Cardano wallet that was hacked, will permanently cease operations.
ChainCatcher reports that Cardano's founding entity, EMURGO, stated on Monday that SecondFi, the wallet service that suffered a hack, will not resume normal operations even after a security audit is completed. All users are required to migrate their assets through the official recovery process. SecondFi is a rebranded version of the Yoroi wallet and is described by EMURGO as Cardano's largest wallet provider. According to EMURGO's incident report on June 25th, the service suffered four separate wallet thefts on June 22nd, with 374 addresses compromised and approximately 16 million ADA (worth about $2.4 million at the time) stolen. The team also took emergency measures to recover approximately 129 million ADA. EMURGO stated that compromised wallets should be considered permanently exposed at the address and private key levels, and restoring the damaged seed phrase to other wallets cannot eliminate the risk. EMURGO plans to launch an isolated wallet state inspection tool this week, followed by a secure export tool and an offline migration workshop in Tokyo. They are also building a dedicated recovery fund for the on-chain recovery system, and will return assets to affected users after the external audit is completed.
Offramp, a crypto-native cross-border financial platform, will cease operations.
According to Foresight News , Offramp, a crypto-native cross-border financial platform primarily targeting freelancers in Latin America, will cease operations. Starting July 1st, functions such as money transfers, QR code payments, deposits, and investments have been discontinued. From July 31st, Offramp will cease fiat currency deposits and withdrawals as well as cryptocurrency deposits, and will also discontinue the use of physical and virtual cards and its mobile application. On September 30th, Offramp will stop cryptocurrency withdrawals, and on December 31st, it will discontinue all remaining functions and officially cease operations.
ACI has officially ceased operations due to governance disagreements with Aave Labs.
According to Foresight News , The Block reports that Marc Zeller, founder of the Aave Chan Initiative (ACI), has officially ceased operations after a governance disagreement with Aave Labs.
Revolut will stop accepting USDT starting August 31.
According to Foresight News , starting July 1st, Revolut notified users via app push notifications and emails that it would be delisting USDT. Users can still purchase USDT normally until July 6th. New USDT deposits will cease to be accepted on July 30th. Users can still sell USDT or withdraw it to external wallets normally until August 31st. After that, Revolut will convert any remaining USDT in users' accounts into fiat currency at the exchange rate at that time.
The Aave Chan Initiative has officially ceased operations; Marc Zeller announces new project.
PANews reported on July 1st that Aave Chan Initiative (ACI) founder Marc Zeller disclosed that Aave DAO delegation and service provider ACI officially ceased operations today, marking the end of this community-driven governance platform after more than three years of operation. According to Zeller, ACI was founded during a DeFi downturn, when Aave's TVL had shrunk to a quarter of its peak, and the protocol was losing approximately $35 million annually. During its tenure, ACI helped Aave turn around the protocol's performance, generating $150 million in annual revenue, driving a nine-fold increase in AAVE's price, and establishing a mature DAO governance and service network. Marc stated that the end of ACI is not the end of the journey, and new project plans will be announced soon.