Kulipa Bankruptcy Halts Crypto Card Services for Ready and Solflare Wallets

Paris startup Kulipa ceased operations due to debt, disabling crypto card services for Ready and Solflare. User assets remain secure in self-custody wallets despite service interruption.

Woofun AI reports that Paris-based startup Kulipa abruptly ceased operations owing to debt issues, causing immediate suspension of cryptocurrency card services for approximately 20 wallet and fintech partners. The self-custody wallet Ready and the Solana wallet Solflare were among those affected, with user card functionalities disabled instantly. Because these wallets utilize a self-custody architecture, funds are deducted only at the point of consumption, ensuring user assets remained uncompromised. Kulipa had secured a $6.2 million seed round co-led by Flourish Ventures and 1kx in April, merely four months prior to its collapse.