Harpie, the Web3 security platform backed by Coinbase & OpenSea, recognized for its real-time theft prevention features, has revealed it has shut down immediately. The company pointed to an unsustainable business model as the main reason for this tough decision.
In an emotional message posted on X (formerly Twitter), the Harpie team took a moment to thank its users and the wider crypto community. “We attempted to create a theft-free crypto ecosystem but unfortunately could not create a sustainable business model around it. We hope we inspired new companies to take the torch of solving this problem,” the statement read.
With services shutting down immediately, Harpie has advised users experiencing transaction failures to disconnect their wallets from the Harpie RPC through their wallet’s network switcher. The company also assured that it will soon release a utility to help users retrieve any vaulted assets.
Despite closing its doors, Harpie will still honor all outstanding giveaways from its referral program and “Harpie Season 1.” More updates will be shared via the platform’s Discord.
Supported by OpenSea and Coinbase, Harpie earned a reputation as a leading Web3 security solution. It continuously monitored wallets for risks and thwarted theft in real time. Although Harpie has now closed its doors, its legacy could well inspire the next generation of innovations in crypto security.
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