Wyre

Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.

1. 2013

   Founded in San Francisco

2. 15 December 2016

   Cross-border payments open to the public

   The service opened to US and Chinese customers after a ten-month private beta.

3. 14 December 2018

   Developer on- and off-ramps become the business

   The company had turned to tools for developers to move between local currency and crypto. Ether Capital reported 20 employees.

4. 7 April 2022

   Bolt agrees to acquire Wyre

   Neither company gave a price. The Wall Street Journal reported about $1.5 billion in cash and stock, and Bolt's chief executive did not dispute it. The announcement described Wyre as having processed more than $10 billion in payments since inception.

5. 9 September 2022

   Bolt deal called off by mutual agreement

   The two companies kept a commercial partnership instead.

6. 3 January 2023

   Reports that staff were told the company was shutting down

   A former employee told the San Francisco Standard that nearly all staff were being let go. The chief executive said the company was still operating but would be scaling back.

7. 5 January 2023

   MetaMask removes Wyre from its mobile buy aggregator

8. 7 January 2023

   Withdrawals capped at 90% of each balance; new interim chief executive

   The company said it was exploring strategic options. Ioannis Giannaros became executive chairman and chief risk and compliance officer Stephen Cheng became interim chief executive. The cap was lifted less than a week later.

9. April 2023

   Stephen Cheng made permanent chief executive

   Announced alongside a relaunched partnership with MetaMask.

10. 16 June 2023

    Wind-down announced

    "After nearly a decade, Wyre is winding down," the company posted, and asked users to withdraw by 14 July.

Wyre announced on 16 June 2023 that it was winding down after nearly a decade, citing market conditions and saying the decision was not due to any regulatory direction. Withdrawals ran normally until 14 July 2023; after that, remaining assets were to go through a separate recovery process.

1. Asset sale15 February 2024

   RockWallet acquires Wyre's customer accounts

   Announced by RockWallet, with a statement from the assignee overseeing Wyre's wind-down. Former customers were to be contacted by Wyre with instructions to reactivate their accounts. No price was disclosed.

17 sources behind this page.

1. 1Axle homepage · Axle
2. 2Bolt Axes $1.5B Deal to Buy Crypto Infrastructure Provider Wyre · CoinDesk · Sep 2022
3. 3Wyre Raises $5.8 Million for Cross-Border Blockchain Payments · CoinDesk · Dec 2016
4. 4Crypto Payments Firm Wyre to Close Operations · CoinMarketCap Academy
5. 5Wyre imposes up to a 90% withdrawal limit for all users · Cointelegraph · Jan 2023
6. 6Bolt Pays $1.5B for Crypto Startup Wyre in Biggest Crypto Acquisition to Date · Decrypt · Apr 2022
7. 7Crypto Payments Firm Wyre Winding Down Due to 'Market Conditions' · Decrypt · Jun 2023
8. 8Wyre Announces Withdrawal Limits as Crypto Firm Navigates Crypto Winter · Decrypt · Jan 2023
9. 9Ether Capital Corporation Invests in Wyre, Inc. · GlobeNewswire (press release issued by Ether Capital) · Dec 2018
10. 10Bolt to Acquire Wyre, Accelerating Mainstream Adoption of Cryptocurrency · PR Newswire (press release issued by Bolt) · Apr 2022

Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.