Entropy shut down after pivots, go refund investors $25–$27M

Entropy, one crypto custody and automation startup wey Andreessen Horowitz and Coinbase Ventures back, dey wound down after four years. Founder and CEO Tux Pacific announce say dem go shut down after dem don change product plenti — from MPC-based decentralized custody go AI-driven crypto automation platform — and after two rounds of layoffs. The team no fit scale customers and revenue to the level venture people want and dem no find repeatable business model. Entropy go return about $25–$27 million to investors through formal refund process; user funds no dey reported to be at risk. The shutdown show say VC dem dey cautious for crypto: deal activity don reduce and investors dey prioritize later-stage, revenue-generating firms. The founder talk say e fit pursue work outside crypto, like medical research. For traders, the story mean say consolidation for crypto infrastructure go continue and early-stage custody and automation projects go face more scrutiny, and that venture-backed infrastructure failures fit reduce competitive pressure but no likely to move major market prices directly.