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Blocto Wallet service will permanently shut down on December 18.
Golden Finance reports that the Blocto team announced that due to the FLOW token price plummeting from nearly $40 in 2021 to less than $0.30 today (a decline of over 99%), the company has sustained losses of over $5.5 million. The Blocto wallet service will cease operations permanently at 7:00 PM (Pacific Standard Time) on December 18, 2025.