🛑 [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.

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.

Embrace self-sovereignty with #Ethereum. It's not just a cryptocurrency, it's a lifestyle.

just set up a @safe ⛓🔒with @GetLinen

Four things that went wrong at FTX (and why self-custody matters) Part 1. Thread!

1/ 3 Horror stories: "I arrived few days back to my account and saw my savings wiped. Never joined a weird site, never got spoofed - I think someone must have hacked me while I was connected to a Hotel network." Stolen seed phrase. Seed phrase was stored in the cloud/email.

1/ Until now, only big players could enjoy the highest crypto wallet security provided by @gnosisSafe. At Linen, we are changing that. How?

1/2 Horror stories: "Doing research on Multisig wallet after my hardware wallet got compromised. Don't ask me how? Still unknown. I wish I knew about Multisig before. Yes it sucked that I lost 6 figures in crypto due to the hack but I have mixed emotions about it.

Really sorry to hear about the hack and lost assets. Use multisig wallets net time.

Did you know you can use @GetLinen powered by @safe as one of the signers for your other Safe multisig? Yes, a @safe multisig protecting a @safe multisig! Some users of @GetLinen secure close to a hundred million in USD by using Linen as one of the multisig signers.

"Self-custody is important. And social recovery and multisig is a great way to do it." - If you are not using a multi-sig wallet to protect your ETH, you are significantly increasing the attack surface on your crypto wealth. Upgrade to a multi-sig wallet like @GetLinen or @safe

Self-custody of crypto assets is the most significant innovation in crypto; it's also the most underrated. The unfortunate reality of failed regulated custodians mishandling customer funds stands as the strongest testament to the value of self-custody in crypto.

Yes, this is how our software and multi-signature wallet set up protects crypto asset holders from attacks on seed phrases. In light of recent attacks on crypto wallets, multi-signature wallet is a practical solution to protect your crypto.

📣 PSA: Another phishing attack designed to steal your assets is detected. This time asking to "confirm your device" coming from those who impersonate "Blockchain.com" wallet. Please DO NOT open these types of emails, as their purpose is to steal your crypto wealth.

Linen’s @safe works well with the @monerium banking platform for fiat on and off-ramping for European users.

Multisigs built on @safe is the answer to all the hacks happening recently. Use @safe web interface to set up yours if you know what you are doing. Alternatively, use @GetLinen on mobile for easy 2 of 3 on chain multi factor auth set up.

‼️Another day, another horror story: one of our Twitter followers had their USDC stolen, unfortunately. If someone can help, please reach out to that person.

1/2 Linen is the easiest way to set up a multi-signature wallet on mobile to stsart protecting your assets against stolen recovery phrases immediately. 3 keys are set up for each user and 2 are required to send your assets. Even if one key is compromised, nothing will happen.

Another horror story: 54 NFTs worth over $50,000 and 3.4 ETH were stolen today due to an attack on a seed phrase. Reliance on wallets that use a single seed phrase will result in stolen or lost ETH and other assets sooner or later. Use multisig wallets like @GetLinen and @safe.

Wallet recovery should be implemented at the multisig level to eliminate a single point of failure related to the loss of recovery phrases. Multisigs also allow for key rotation. @safe works really well to secure crypto wealth.