PANews reported on June 5th that Mynth has announced it will cease operations. The announcement stated that the team began building a more secure cross-chain protocol three years ago, but the protocol's usage did not reach the level required for sustainable operation and continued expansion, making it impossible to maintain the past pace of innovation or scale to more blockchains. Mynth will cease supporting the custodial infrastructure running Novaswap and will cease all operations at 7:00 AM (Beijing time) on July 1st. User funds will remain safe and non-custodial, requiring no user intervention; exchanges will continue to be processed until that time. The team will provide support through Discord until the end of July.