• bitcoinBitcoin(BTC)$120,145.001.44%
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  • Binance Staked SOLBinance Staked SOL(BNSOL)$172.121.26%
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  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$690.590.05%
  • solanaSolana(SOL)$162.131.27%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1974860.20%
  • tronTRON(TRX)$0.302279-0.16%
  • staked-etherLido Staked Ether(STETH)$3,006.751.83%
  • cardanoCardano(ADA)$0.730.48%
  • HyperliquidHyperliquid(HYPE)$47.38-1.66%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$119,768.001.37%
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  • Wrapped stETHWrapped stETH(WSTETH)$3,631.491.71%
  • bitcoin-cashBitcoin Cash(BCH)$504.350.01%
  • hedera-hashgraphHedera(HBAR)$0.2341150.98%
  • avalanche-2Avalanche(AVAX)$21.270.99%
  • leo-tokenLEO Token(LEO)$9.00-0.41%
  • Wrapped eETHWrapped eETH(WEETH)$3,223.501.84%
  • shiba-inuShiba Inu(SHIB)$0.0000130.91%
  • the-open-networkToncoin(TON)$3.042.96%
  • WETHWETH(WETH)$3,007.511.94%
  • litecoinLitecoin(LTC)$95.180.98%
  • USDSUSDS(USDS)$1.00-0.02%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.10%
  • whitebitWhiteBIT Coin(WBT)$45.86-0.64%
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  • polkadotPolkadot(DOT)$3.95-0.26%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$120,172.001.51%
  • uniswapUniswap(UNI)$9.117.83%
  • Ethena USDeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.441.26%
  • pepePepe(PEPE)$0.0000120.03%
  • aaveAave(AAVE)$315.463.38%
  • BittensorBittensor(TAO)$408.015.47%
  • daiDai(DAI)$1.000.02%
  • Pi NetworkPi Network(PI)$0.462808-0.19%
  • crypto-com-chainCronos(CRO)$0.1074561.18%
  • aptosAptos(APT)$4.970.90%
  • nearNEAR Protocol(NEAR)$2.592.86%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.00%
  • OndoOndo(ONDO)$0.923.51%
  • internet-computerInternet Computer(ICP)$5.41-0.16%
  • okbOKB(OKB)$48.20-0.77%
  • ethereum-classicEthereum Classic(ETC)$18.500.93%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$197.161.39%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • mantleMantle(MNT)$0.723.95%
  • algorandAlgorand(ALGO)$0.2787819.28%
  • kaspaKaspa(KAS)$0.0854370.01%
  • USD1USD1(USD1)$1.00-0.04%
  • EthenaEthena(ENA)$0.336290-0.77%
  • vechainVeChain(VET)$0.024292-0.70%
  • cosmosCosmos Hub(ATOM)$4.55-2.36%
  • bonkBonk(BONK)$0.0000272.37%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.228708-0.80%
  • arbitrumArbitrum(ARB)$0.403595-1.32%
  • sUSDSsUSDS(SUSDS)$1.060.01%
  • fasttokenFasttoken(FTN)$4.520.72%
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  • quant-networkQuant(QNT)$111.81-1.91%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$172.121.26%
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Infini, one of China’s most widely used crypto payment card services, has officially announced the suspension of all its card operations, effective from June 17. In a recent Telegram notice, the Hong Kong-based neobank informed users that all card-related functions, including Global Card, Lite Card, and Tech Card, will be deactivated across both offline usage and the Infini digital app.

“We have decided to suspend our card services. Effective immediately, all card functions will be suspended for both usage and new applications. We sincerely apologise for any inconvenience this may cause,” Infini wrote in its statement.

The platform cited no specific reason for this sudden move but noted it would now pivot its focus toward financial management products.

Core Services Remain Active

Despite the discontinuation of its card products, Infini has assured its users that the core services of its platform will remain unaffected. This includes digital wallet features such as stablecoin top-ups, crypto withdrawals, and yield-generating functions. These services, which form the backbone of Infini’s operations, will continue to run as usual.

Infini

This transition marks a strategic shift for the company as it looks to strengthen its position in crypto wealth management, rather than in day-to-day spending solutions via cards.

Refunds and Customer Assurance

To ease user concerns, Infini has outlined a refund mechanism for all affected cardholders. Users will not be required to take any action manually to retrieve their funds. Instead, the platform will automatically process refunds for unused balances on the cards and any pending application fees.

According to the statement, refunds for application fees will be credited to users’ Infini account balances within 10 business days. Ongoing billing-related refunds are expected to be completed within 5 to 21 business days.

This move is aimed at maintaining user trust, especially as Infini navigates the transition and deals with past controversies.

A Troubled Past and China’s Regulatory Landscape

Infini has grown to become a well-known name among crypto enthusiasts in China, despite the country’s blanket ban on cryptocurrency trading and services. Mainland users typically access Infini’s offerings via VPNs, making the service a popular workaround in an otherwise tightly regulated space. Infini combines crypto-backed debit cards with stablecoin yield features, enabling real-world spending alongside passive income opportunities.

However, the company’s recent history has not been without turbulence. In February 2025, Infini experienced a massive $50 million insider exploit, allegedly involving an internal engineer who misappropriated user funds. In March, founder Christian Li publicly offered the culprit 20% of the stolen assets and legal immunity in exchange for the return of the remaining funds, a move that highlighted both the scale of the breach and Infini’s desperate attempt to recover losses.

Future Focus: Financial Management Over Payments

The discontinuation of Infini’s card services may reflect broader shifts in the crypto-fintech space, especially within restrictive jurisdictions like China. With more regulatory scrutiny and security risks facing crypto card providers, Infini’s decision to shift towards wealth and portfolio management signals a pivot to sustainability over aggressive expansion.

The firm’s reorientation could serve as a case study for other crypto neobanks navigating the volatile intersection of compliance, innovation, and customer safety. As Infini begins this new chapter, the market will watch closely to see whether its renewed focus will help regain user confidence and drive future growth.

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