RINO platform to close down on October 31 2024: 'we have to cut our losses'
The RINO1 team has announced2 plans to shut down their enterprise-grade Monero multisig browser wallet3 project on October 31st 2024, due to failed attempts to monetize the product, after 2+ years of operation4:
[..] our attempts to monetize the product never bore fruit to a point where the product could sustain itself, and at some point we have to cut our losses. As a consequence, we decided to discontinue the RINO product. If you want to withdraw your funds via the RINO platform, please do so until that date. After that date, you will have to use your recovery document, allowing you to access your funds locally.
Users are advised to withdraw their funds from the platform before the Oct 31 deadline.
It is worth noting that MoneroKon has been using the RINO multisig enterprise service, as reported last year5.
This is an ongoing story and the report will be updated when new information is available.