Assure DeFi shuts down as Web3 verification business contracts

  • Assure DeFi is shutting down its cryptocurrency identity verification business.
  • Assure DeFi said existing KYC certifications and audit results will remain valid.
  • Past verification and audit records will remain public and searchable after closure.

Assure DeFi is shutting down after saying the Web3 market has remained below its previous level for an extended period, shrinking demand for its identity verification services. The company said previously issued KYC (know-your-customer) certifications and audit results will remain valid, while historical verification and audit records will stay public and searchable.

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