CryptoWorld News reports that Wu has learned that the on-chain identity project phi will cease operations on May 25th, and phi box and related services will be taken offline. The team recommends users claim rewards,解除 staking, and withdraw assets in advance. phi stated that the phi token will still be retained and traded on aerodrome, but liquidity is expected to gradually decline. In January of this year, the team significantly laid off staff to extend the funding cycle and attempted to pivot to prediction markets and AI directions, but currently, the funds are no longer sufficient to support the project's continued operation.