Crypto Project Harpie Shuts Down Due to Failed Business Model

crypto

Web3 project Harpie, backed by Dragonfly and Coinbase, has announced its complete shutdown.

According to an official statement, the team aimed to build an ecosystem that protects crypto assets from theft. However, the platform failed to establish a sustainable business model.

Users are advised to disconnect their wallets from Harpie RPC via network settings. The platform’s representatives stated that a tool for withdrawing stored assets will be available on the website in the coming days.

Harpie will also fulfill its commitments related to promotional campaigns and the referral rewards program. Users can follow updates in the project’s official Discord community.

Previously, in July 2024, the StarkNet-based trading protocol ZKX shut down due to financial difficulties.