1inch Card to Shut Down, Users Told to Move Balances by Dec. 18

The wind-down is notable less for the card itself than for how the risk is distributed: 1inch is stepping back, but balances sit with Monavate's e-wallets and account/KYC handling rests with Crypto Life, so the exit path runs through third parties rather than the brand users signed up with. That layered structure is common in crypto card programs and complicates the user experience precisely when a product is sunsetting. The open question is whether the Dec. 18 deadline passes without friction for holders whose funds are outside 1inch's direct custody.