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[Blocto Wallet Announces Imminent Shutdown Due to Continued Losses from FLOW Token Decline] Blocto announced that due to the price of FLOW tokens dropping over 99% from its 2021 peak, resulting in a cumulative loss of over $5.5 million over five years and depletion of funds, it will soon cease operations. Blocto Wallet, BloctoSwap, and Blocto Teleport will shut down on December 18, 2025, at 7:00 PM PST. Custodial users must export their private keys and switch to non-custodial mode before this date; otherwise, access will be permanently lost. Liquidity pools and cross-chain assets must also be withdrawn promptly. Staking services will continue to operate, and users can import their private keys into other wallets for management. The project had previously received investment from Mark Cuban.

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