Farcaster Confirms Operations Will Continue Amid $180M Refund

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Farcaster co‑founder Dan Romero has confirmed the decentralized social protocol will remain active and continue operating normally, dismissing rumors of a shutdown. Farcaster had about 250,000 monthly active users and over 100,000 funded wallets in December 2025, and is transitioning to new leadership under Neynar, a venture‑backed startup focusing on developers. Romero also announced that Merkle plans to return the full $180 million raised to investors, underscoring responsible capital management, and clarified that funds for his recent home came from Coinbase IPO proceeds.