According to TechFlow TechFlow, on December 17, the Blocto team announced that due to the price of the FLOW token plummeting from nearly $40 in 2021 to less than $0.30 today (a drop of over 99%), resulting in continuous losses of over $5.5 million, the Blocto wallet service will permanently cease operations at 7 p.m. (Pacific Standard Time) on December 18, 2025.
Users must complete the following key actions before the deadline:
- Extract all liquidity from BloctoSwap
- Bridge tUSDT (Flow) assets back to Ethereum via Blocto Teleport
- Users in managed mode must export their private key and switch to unmanaged mode.
It's important to note that Blocto's staking service will continue to operate; users can simply import their private keys into other wallet services to continue managing their staked assets. The Blocto team warns that failure to complete this process before the deadline may result in the permanent loss of access to assets.
