Gradual shutdown of operations, 1inch Card advises users to withdraw or spend balances before December 18

Odaily reports that the 1inch Card project will gradually cease operations. New user registrations have been closed, while existing cards and accounts remain usable for now. 1inch advises cardholders to withdraw or spend their card balances as soon as possible, completing this by December 18 at the latest.

Funds on the card are not held by 1inch but are stored in an e-wallet issued by licensed electronic money institution Monavate. Matters such as account closure, KYC, and personal data are handled by card service provider Crypto Life (CL). The timing of card feature termination is determined by the issuer and service provider. According to the issuer's terms, remaining funds can still be claimed for redemption within 6 years after account closure.