TechFlow news: Linen Wallet, a multisig wallet built on Safe, announced on X that it will shut down the Linen Wallet application and cease company operations on November 30, returning remaining funds to investors. This decision comes amid reduced retail investor demand for advanced self-custody solutions and regulatory uncertainty. Assets within Linen Wallet remain secure—Linen is merely an interface for users to manage their Safe multi-signature wallets, and users can continue managing their assets using other interfaces.
Linen's infrastructure will be fully shut down after November 30, at which point the application, email, and Intercom chat support channels will be disabled.
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