A41 "Business termination is 'groundless'… will maintain validator business"

Blockchain infrastructure company A41 directly refuted reports that it has entered business termination procedures.

On the 11th (Korean time), an A41 representative told BloomingBit, "(The report that A41 is ending its business) is closer to something that was released incorrectly without verification. It is groundless."

Earlier that day, a media outlet reported that A41 was shutting down its business due to intensified competition in the validator market and delays entering the regulatory framework. The representative explained, "A41 is not shutting down its business but is in the process of scaling back new business expansion," and said, "The core validator business will continue to be maintained." He added, "The businesses A41 is winding down are custody (custodial), marketing, and agency businesses, not the validator business."