1inch Card to Cease Operations, Users Advised to Transfer Balances Before December 18

On October 20, according to the FAQ page on 1inch's official Help Center, the 1inch Card project will gradually cease operations. New user registration has 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, no later than December 18. Funds on the card are not held by 1inch but are stored in an e-wallet issued by Monavate, a licensed electronic money institution. Account closure, KYC, and personal data matters are handled by card service provider Crypto Life (CL). When card functionality ends is determined by the card issuer and service provider. Under the issuer's terms, remaining funds can still be redeemed within 6 years after account closure.