Recall said the Recall Foundation’s board has decided to shut down the foundation. The foundation plans to destroy approximately 359 million RECALL tokens, representing about 35.86% of the total supply. The foundation said continued development is no longer commercially viable, and the decision to shut down was not prompted by a hack or security incident. Token holders will receive no distributions, redemptions, or buybacks. The foundation’s remaining approximately $3.7 million will be used to repay creditors and cover liquidation expenses. The liquidation is expected to be completed in the first quarter of 2027.