PANews
PANews|Jun 05, 2026 06:30
[Mynth to Cease Operations on July 1, Novaswap Custodial Infrastructure to Go Offline] Mynth has announced it will cease operations. According to the announcement, the team began building a more secure cross-chain protocol three years ago, but the protocol's usage has not reached the level required for sustainable operation and continuous expansion. As a result, they are unable to maintain the pace of past innovations or scale to more blockchains. Mynth will stop supporting the custodial infrastructure running Novaswap and will cease all operations at 7:00 AM (Beijing Time) on July 1. User funds remain safe and non-custodial, requiring no action from users, and swaps will continue to be processed until that time. The team will provide support via Discord until the end of July.
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