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Moonwell Card shuts down Sept 6; users must withdraw balances after Cypher acquisition by Nium.

Market News
05 Sep 2026
Crypto Briefing
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Bearish
Moonwell Card shuts down Sept 6; users must withdraw balances after Cypher acquisition by Nium.

Moonwell Card will cease operations on September 6, 2026, following the acquisition of its infrastructure provider Cypher by payments company Nium, which ended the card program. Users have until the deadline to withdraw any remaining balances from their cards, as the card will no longer work for purchases after August 7. The shutdown affects only the card product; Moonwell's core lending and borrowing services remain fully operational. Moonwell is exploring new partnerships to relaunch a card product in the future, but for now, users must act quickly to secure their funds.

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