As reported by Jinse, the Blocto team announced that due to the FLOW token price plummeting from nearly $40 in 2021 to less than $0.30 today (a drop of over 99%), the company has incurred continuous losses exceeding $5.5 million. The Blocto wallet service will permanently cease operations at 7:00 PM PST on December 18, 2025.
Blocto Wallet Service to Permanently Shut Down on December 18
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Summary
Blocto announced the permanent shutdown of its wallet service on December 18, 2025, at 7:00 PM PST. The decision follows ongoing losses exceeding $5.5 million, driven by the FLOW token’s collapse from $40 in 2021 to under $0.30. On-chain data shows minimal recovery potential. Traders are advised to monitor altcoins to watch for similar risks.
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