Linen Wallet

🛑 [IMPORTANT ANNOUNCEMENT] 🛑 We made the tough decision to shut down the Linen Wallet app, wind down the company’s operations, and return the remaining capital to investors. We evaluated different options, and winding down the company gracefully is the best path forward for investors and users alike. Why? Interest in our product has decreased, in line with a decline in overall activity from individual crypto investors seeking advanced self-custodial solutions. Regulatory uncertainty is an overhang for the whole industry and would require significant capital to move forward in our view. Your assets in the Linen Wallet app are safe! Remember, Linen is just an interface to manage your Safe multisig wallets. Alternative interfaces can still be used to manage your assets. If you stored assets with Linen and haven't received an email detailing how to manage your assets post-shutdown, please get in touch with us to receive guidance. Linen's infrastructure will be fully shut down after November 30, 2023, making the Linen app non-functional after that period. After this date, our email and Intercom chat support channels will be deactivated. However, you'll still be able to use our subreddit for any ongoing support needs. On this unfortunate occasion, we want to extend our deepest thanks to our early users and investors for your support along this journey.

@CryptoPlayersIn Thanks for the reach out. Update wend out yesterday to investors via the Republic portal and the course of action is outlined. Please keep in mind that it is NOT refunds, but rather distributing remaining cash to investors per the prior communications. Hopefully this clarifies.

Hey @GetLinen, when are you going to announce refunds? ⏳

@iamcrowne @joinrepublic Thanks for the ping. As we have previously stated, all updates are conducted via the Republic portal. That is the line. No meaningful updates since the last update yet. Parties are working on finding an alternative custodian.

@GetLinen no word on when people will be refunded from @joinrepublic? Y’all should leave one line of communication open so we can at least get updates 😩😩😩

As soon as there is something worth to share we will update. We understand that the situation with the investors’ custodian PrimeTrust is suboptimal and we all have to deal with it, unfortunately. Republic is doing a lot of work in the background to find a replacement custodian who can fulfil PrimeTrust’s obligations.

@GetLinen @joinrepublic Thanks when should we expect an update ?

Hey @GetLinen and @joinrepublic , Any updates about our investments⁉️

@debeker Please follow the updates on the Republic portal.

@GetLinen how do investors claim funds?

🛑 [IMPORTANT ANNOUNCEMENT] 🛑 We made the tough decision to shut down the Linen Wallet app, wind down the company’s operations, and return the remaining capital to investors. We evaluated different options, and winding down the company gracefully is the best path forward for investors and users alike. Why? Interest in our product has decreased, in line with a decline in overall activity from individual crypto investors seeking advanced self-custodial solutions. Regulatory uncertainty is an overhang for the whole industry and would require significant capital to move forward in our view. Your assets in the Linen Wallet app are safe! Remember, Linen is just an interface to manage your Safe multisig wallets. Alternative interfaces can still be used to manage your assets. If you stored assets with Linen and haven't received an email detailing how to manage your assets post-shutdown, please get in touch with us to receive guidance. Linen's infrastructure will be fully shut down after November 30, 2023, making the Linen app non-functional after that period. After this date, our email and Intercom chat support channels will be deactivated. However, you'll still be able to use our subreddit for any ongoing support needs. On this unfortunate occasion, we want to extend our deepest thanks to our early users and investors for your support along this journey.

@Another__Noah @joinrepublic @PrimeTrustCo As previously stated, once new info becomes available it gets posted on Republic. All available info is communicated via the are public portal.

@GetLinen @joinrepublic @PrimeTrustCo However, as an investor concerned about the status of my investment, I am eager to receive timely and transparent updates. Can you provide any information on the expected timeline for these updates or any immediate steps that investors like myself should be aware of?@PrimeTrustCo

@joinrepublic @GetLinen can we get some updates about our investments? I spoke to a customer support on @joinrepublic and they told me to contact the team @GetLinen. And @GetLinen told me to contact @joinrepublic. Who should I be speaking too here?

@iamcrowne @joinrepublic All updates are communicated only via the Relublic portal once they become available. Thank you.

@GetLinen any word on @joinrepublic investment status

@Another__Noah @joinrepublic @PrimeTrustCo Fyi: PrimeTrust is not holding any money. They are a custodial and a payment agent that can’t fulfill its obligations. Please do not jump into any confusions and wait for updates via the Republic portal.

@GetLinen @joinrepublic @PrimeTrustCo where is our money. We demand updates. @joinrepublic what's your take on this issue??

@iamcrowne In the same way like any transaction using the safe.global web or mobile app.

@GetLinen Hey how do we continue to claim our $SAFE tokens?

@Another__Noah All updates are conducted via the Republic portal.

@GetLinen Any update on when investors will be receiving their funds?

@simon4545 Hi, there! Please log in to the Republic portal and real all updates. All communications are via Republic.

@GetLinen I'm an early investor, but I have not gotten any notice about this... seems like yall shut down right as the public really starting to understand why they would use this product, am I getting my money back? how about the project now?

@JMcglothern Hi, there! Thank you for reaching out. All republic investors are getting updates via the Republic platform. Please check your emails.

@GetLinen I'm an early investor, but I have not gotten any notice about this... seems like yall shut down right as the public really starting to understand why they would use this product, am I getting my money back?

@mpcvault Thank you for the kind words! Best wishes for you guys!

@GetLinen Sorry to see you guys leave. Thanks for all the contributions!

@Another__Noah Please wait for announcements via the Republic portal.

@GetLinen How do investors claim their funds?

@nestwalletxyz Thanks for the kind words. Please keep in mind that Linen’s private key signers are derived from 24 word seeds.

@teawaterwire @nestwalletxyz That is correct!

It is unfortunate that a p2p Bitcoin marketplace Paxful is winding down its operations. CEO states: “..the most secure option and ask you to explore self-custody”. Self-custody is the only way to have truly uninterrupted access to your crypto. Self-custody from a multisig wallet for added security.