Hobbit, the cryptocurrency exchange, announced that it would end its Hobbie Cloud Wallet service platform in May 2023 because of "strategic planning product adjustments".
According to a statement on the Fire Coin Application page, the daily maintenance and optimization of the multi-token wallet service will be terminated on February 13. The government encourages users who are still using cloud wallets to transfer digital currency and irreplaceable dynamic passwords (NFT) to his fire master account or other wallet details.
The embodiment and transfer function of Huobiyun wallet will also be reasonable within three months, while reminding users not to transfer data property to his cloud wallet. The official discharge date of Fire Biyun Wallet is May 13, 2023.
Hobbie Wallet changed its name to iToken in May 2022 after an investment of $200m by the Hobbit Group. Hobbie Wallet was first released in October 2021 as a function of Hobbie Wallet, which allows users to manage digital currency without any private key.
The purpose of the escrow wallet service is to give people access to decentralized equity financing (DEFI) applications and services. Hobiyun wallet allows users to have dynamic passwords without the need for management method private keys, and the third-party intelligent management system escrow the user's private keys.
Hobbie users around the world are touted to enjoy the seamless convergence of cloud wallet services by moving passwords between industries to browse a variety of new Defi projects.
In January 2023, hot pen also made headlines today, listing 33 different tokens, which violated many prerequisites to keep it listed on the exchange platform. The trading center decided on a 20% layoff plan this year, as part of a restructuring after Justin Sun recovered the company.
Cointelegraph has already contacted Huobi to confirm the important reason for Huobiyun wallet shutdown.
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Tue, 18 Apr 2023