Case summary
What happened
Flint Money offered fixed-yield products on stablecoins and other crypto assets through a custodial app. Flint stated that deposited funds were deployed through institutional borrowers and DeFi protocols. In January 2023, users were instructed to unlend and withdraw as the service was phased out under regulatory uncertainty; Flint stated that principal and accrued interest through the cutoff remained safe and would be returned. Flint Labs later confirmed that Flint Money, its first flagship project, had been closed while the company moved to other products. First-party retrospectives and contemporaneous shutdown reporting do not establish one exact final service-termination date or prove that every user completed withdrawal.
Customer result
Customer outcome
Not applicable
Stage 2 review resolves the platform-wide outcome semantics as `not_applicable`, not `full_repayment`. Flint phased out its yield service voluntarily under regulatory uncertainty, published a first-party unlend-and-withdraw procedure, and told users that principal plus interest earned through 23 January 2023 was safe and would be returned. This was not presented as an insolvency, creditor-claims, or common recovery-distribution process, so a platform-wide recovery percentage is not the appropriate model. CYA does not claim that every user completed withdrawal, does not convert Flint's safety assurance into proof of universal completed repayment, and does not invent an exact final service cutoff where the historical sources conflict.
- Estimated recovery
- Not applicable
- Repayment started
- —
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Unclear
The first-party withdrawal guide establishes platform-controlled lend and unlend mechanics but does not provide a complete legal asset-ownership framework.
- Affected product
- Flint Money fixed-yield products and custodial balances
- Confidence
- Medium
Flint operated custodial yield balances and deployed funds through institutional and DeFi counterparties, but reviewed public sources do not establish one complete legal ownership or insolvency-priority treatment for every product and asset.
Source: How to withdraw your funds from Flint to your crypto wallet
Known unknowns
Uncertainty
The October 2021 launch date is month-level. Flint Labs' retrospective refers to the flagship project being closed in November of the prior year, while withdrawal instructions and external shutdown reporting continued in January 2023. No exact final operational date or universal completed customer recovery was verified.
Chronology
Historical record
Flint Money begins operating
Flint launched a consumer crypto yield application offering fixed returns on stablecoin and other digital-asset balances.
Launch date is recorded at month-level.
Flint issues unlend and withdrawal instructions
Flint published instructions for users to unlend and withdraw as the flagship yield service was phased out under regulatory uncertainty.
The notice stated that withdrawals could take several days and did not itself prove universal completion.
Flint Labs confirms Flint Money closure
Flint Labs described Flint Money as its closed first flagship project and outlined its pivot to other products.
The event date is the first-party retrospective publication date, not a verified exact final customer-service cutoff.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Entity
1 sourcesThe evolution of Flint Labs
Flint Labs · 2023-05-18
First-party retrospective identifying Flint Money as the company's first flagship project and describing its operating history.
Event
2 sourcesHow to withdraw your funds from Flint to your crypto wallet
Flint Labs · 2023-01-24
First-party unlend and withdrawal instructions issued during the phase-out.
Flint Labs shuts down Flint Money app amid regulatory uncertainty
Inc42 · 2023-01-24
Independent coverage of the service phase-out and planned customer fund return.
failure reason
1 sourcesSequoia-backed DeFi app Flint discontinues flagship yield service
Moneycontrol · 2023-01-24
Reports the regulatory-uncertainty explanation, phase-out and customer withdrawal instructions.
launch date
1 sourcesSequoia-backed DeFi app Flint discontinues flagship yield service
Moneycontrol · 2023-01-24
Reports Flint's October 2021 launch and later discontinuation.
status
2 sourcesFlint Labs: Next chapter
Flint Labs · 2023-05-18
First-party statement describing the company pivot after closing Flint Money.
The evolution of Flint Labs
Flint Labs · 2023-05-18
First-party retrospective confirming that the Flint Money flagship project had been closed.
url history
1 sourcesFlint Money website archive captures
Internet Archive
Preserves the historical flint.money product identity and separates it from unrelated current Flint-branded products.
No evidence records match the current filters.
Comparative records