Breaking News: Infini Card announces the suspension of all U Card services, with further instructions on withdrawal, deposit, and Earn services.

Infini announced a complete suspension of card services from now on, card fees will be automatically refunded within 21 business days, core asset functions will not be affected, and user funds are safe. (Synopsis: Bybit hackers used Pump.fun to "money laundering with meme coins" and was officially targeted, still holding more than 460,000 ETH stolen funds) (Background supplement: The largest theft in crypto history: Why was $1.47 billion stolen from the Bybit exchange, who is the murderer, and there is a risk of a user run? Infini Card, a prepaid crypto card that combines crypto payment and stablecoin live deposit wealth management, announced the suspension of Infini Card service from now on today (17) noon without warning, and the official instructions are as follows: Hello Dear Infini users, We have decided to suspend the card service. Effective immediately, all card features, including Global Card, Lite Card and Tech Card, will be discontinued and applied. We apologize for any inconvenience this may cause. 1. About withdrawal, deposit and Earn service core functionality is not affected. Rest assured that you can still top-up, withdraw and participate in the Earn interest income program as normal. Assets remain safe and can be withdrawn at any time. 2. About Card Fee Refund We will automatically refund the actual amount paid for your card application (after deduction of discount) and the money will be returned to your Infini account balance. Refunds are expected to be completed within 10 business days without manual action on your part. 3. Refund Requests in Progress Any refunds for in-progress purchases will be refunded directly to your Infini account. These refunds are expected to be completed within 5 to 21 business days, during which your funds will remain completely safe. 4. Submit a refund request that has not been completed for more than 21 days If you have submitted the refund form, or if the refund progress has not been completed for more than 21 business days, please be assured that we are actively processing. Once the funds have been processed, they will be returned to your Infini account balance. If you have any questions, or would like to receive the latest progress updates, please contact us via the in-app customer service button, or join the official Telegram group to speak directly with the team: Thank you for your continued trust and understanding. Why didn't the official response be made Regarding the action to stop operations, the official response earlier said: 1) infini does not do to C card business. The reason is extremely high compliance costs, extremely thin margins, and extremely heavy operations. We made strategic adjustments and removed the business of the To C card part. Currently, the To C Card business accounts for 99% of the time and costs, contributing 0 revenue. 2) Manage money, charge and withdraw normally. Wealth management and asset management became the focus. The wealth management balance treasure function is stable at about 5% APR. 3) The current path of Crypto Card is still offramp, UT and UC, and then through the traditional payment network to achieve stable to FIAT payment path. Too tortuous, too long, too expensive. Without subsidies, it is difficult to have a matching web2 rate and cashback. And I've always said before that USB cards are not the ultimate solution for Web3 Pay with Stablecoin. It's kind of like the Apple Nano was eventually replaced by the iPhone. 4) The company has not changed, the team has not changed, the brand has not changed, and Yishi teacher has walked the old road of U card for a year, and found that it is still not worth doing. When I first started doing Infini in July last year, I learned a lot from Mr. Yishi, and after a year, the conclusion was the same, which is very emotional. 5) At present, INFINI is a centralized product, and we will fully embrace decentralization in the future. Think about embracing decentralized payment solutions. Definitely not following the old path of centralization. 统一回复:1)infini 不做to C card业务了。 The reason is that the cost of cooperation is actively high, and the profit is active and thin, and it is active and heavy. 我们做了战略调整,Remove to c 卡部分的业务了。 目前to C card业务占据了99%的时间和成本,贡献了0收入。 ... — County owner Christine (@0xsexybanana) June 17, 2025 Related reports V God shouted "multi-signature + cold wallet is the safest" was slapped in the face by hackers, experts: Bybit case impacts a large number of institutions, information security rectification period or up to half a year North Korean hacker army Lazarus The story behind Lazarus: How to commit the biggest Web3 robbery with a keyboard On-chain detective: Bybit North Korean hackers are a large number of Solana meme coin scam black hands, familiar with the process of Pump.fun coin laundering [News] Infini Card announced the suspension of all U card services, withdrawal, deposit and earn service follow-up instructions This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".