Taiwan Multi-Chain Wallet, Blocto, founded by “Portto,” announced that due to operational funding exhaustion, it will cease operations on 12/19 (Friday) Taiwan time.
(Background: The wallet Blocto completed Series A funding at an $80 million valuation, led by Mark Cuban)
(Additional background: Flow has shifted to DeFi, the former NFT top-tier’s confidence and dilemma)

Table of Contents

• An End of an Era: Important Announcement Regarding the Future of Blocto
• Difficult Reality
• Service Changes and Necessary Actions
  • ⚠️ Necessary actions before 2025年12月18日晚上7:00 PST：
  • ⚠️ Custodial Mode (Custodial Mode) Users Notice: Must act before 2025年12月18日晚上7:00 PST
• Conclusion
• Mark Cuban led Series A funding in 2023

The multi-chain wallet project Blocto, founded by “Portto” in Taiwan, recently announced via official notice that due to imminent depletion of operational funds, it will cease operations on 2025/12/19 Taiwan time. Users are reminded to withdraw liquidity and export private keys before the deadline, or assets may be permanently lost.

[The End of an Era: Important Announcement Regarding the Future of Blocto]

To our valued community,

After five incredible years serving over 2 million users, it is with a heavy heart that we announce the sunset of Blocto Wallet services.

Since Day 1, our mission was simple yet…

— BloctoApp (🐚,🐚) (@BloctoApp) December 12, 2025

Below is the full announcement:

An End of an Era: Important Announcement Regarding the Future of Blocto

To our cherished community

After an incredible journey serving over 2 million users for five years, we regret to announce that Blocto Wallet services will cease.

From day one, our mission was simple yet ambitious: to create the most user-friendly wallet for newcomers, leading millions into Web3. And we achieved this together. During the era when EOA wallets were the only choice, Blocto pioneered email and social login solutions, along with our SDK, making blockchain interaction unprecedentedly simple.

As one of the earliest supporters of Flow, Blocto built the main infrastructure of the ecosystem, including Blocto Wallet, BloctoSwap, Blocto Teleport, and BloctoBay. We also established the most used FLOW delegation nodes. We have collaborated with top projects and served millions of users, which we are very proud of.

Difficult Reality

However, focusing solely on building excellent products does not always sustain growth. With $FLOW prices dropping from nearly $40 in 2021 to below $0.30 today, a decline of over 99%, Blocto has been operating at significant losses.

Over the past few years, we have absorbed over $5.5 million in losses to maintain service operations. Even as market conditions worsened, we remained committed to ensuring the safety and access of user assets.

But this cannot continue forever. Realizing that operational funds are running out, we began attempting to contact the leadership of Flow/Dapper in June this year.

After six months of persistent efforts, we failed to secure any meetings with the leadership. Every email exchange took weeks, and we could only continue to deplete remaining funds. During these months, we received no clear support nor opportunities for constructive discussions to seek sustainable development paths. Now, we have no funds left to bear these costs.

We deeply regret to inform the community of this outcome. The journey of Blocto as a wallet provider ends here.

Service Changes and Necessary Actions

Please read the following details carefully, as they will affect your assets.

1. Blocto Wallet, Swap, and Teleport will cease services Starting from 7:00 PM PST on December 18, 2025 (which is 11:00 AM on December 19, 2025, Taiwan time), Blocto Wallet, BloctoSwap, and Blocto Teleport will stop operating.

2. Blocto Staking Service (Maintains Operation) Rest assured, Blocto staking services (our nodes) will continue to run. Your staked assets are absolutely safe. To continue managing these assets, simply import your Blocto wallet private key into another wallet service. No need to unstake your FLOW. Unstaking will result in loss of staking rewards.

(# ⚠️ Necessary actions before 2025年12月18日晚上7:00 PST：

• Withdraw Liquidity )Withdraw Liquidity###： If you have provided liquidity in BloctoSwap, please withdraw all your deposited liquidity immediately.

• Bridge Assets (Bridge Assets)： If you hold tUSDT (Flow), please go to Blocto Teleport now to bridge it back to Ethereum (Ethereum).

  Warning: Failure to complete these withdrawals before the shutdown date may result in permanent loss of access to these specific assets.

(# ⚠️ Custodial Mode )Custodial Mode### Users Notice: Must act before 2025年12月18日晚上7:00 PST

• Migrate your wallet: To ensure the safety and control of your assets, you must switch to non-custodial mode (Non-Custodial Mode) and manually export your private keys before the deadline.

• How to do it: Download the Blocto App, update to the latest version, and follow the in-app instructions.

  Note: If you do not manually complete this before the shutdown, you will permanently lose access to your wallet.

Security Warning: The Blocto team will never ask for your private keys under any circumstances. Do not share your private keys with anyone. Only import your private keys into trusted and verified wallet services. Be aware that sharing your private keys with malicious parties may result in asset theft, and we cannot recover or support such cases.

( Conclusion

We want to express our deepest gratitude to users, investors, partners, and friends. Without you, Blocto would never have come this far. Even as this chapter ends, we want to say thank you. You made this journey unforgettable.

Sincerely,
The Blocto Team

) 2023 Mark Cuban Series A funding

In 2023, Blocto completed Series A funding with an $80 million valuation, led by Mark Cuban, owner of the Dallas Mavericks, along with investments from IPX and 500 Global. The actual amounts of funding were not disclosed. At that time, Blocto had about 1.6 million users and was the second-largest wallet on the Flow blockchain.

Before this funding, in 2021, Blocto also completed an $8 million token private placement led by Animoca Brands, with participation from CMS Holdings and Double Peak Group.

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