InsolventCrypto cashback fintechCryptocurrency payments2013–2025
StormX
Shopping rewards could be paid in several cryptocurrencies
The Seattle company developing the StormX online-shopping cashback app.
- Capital raised (announced)
- Reported figures differ
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 1 August 2017 | Not disclosed | |
| ICO | 5 October 2017 | Not disclosed | |
| Reported financing (instrument unspecified) | 13 April 2021 | Not disclosed | |
| Reported financing (instrument unspecified) | 27 July 2021 | Not disclosed |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Simon Yu | — | CEO and co-founder, DuelNow | Oct 2026 | |
| Calvin Hsieh | — | Product engineer and full-stack builder | Oct 2026 |
How it ended
StormX announced that it had filed voluntarily for Chapter 7 bankruptcy protection. Its post names case 25-10730 (BLS) and Judge Brendan Shannon.
Still alive
Open spot
StormX is gone. Is your crypto card still running?
Spotlight your project here.
Sources
10 sources behind this page.
- 1Calvin Hsieh current professional profile · Calvin Hsieh / LinkedIn
- 2Calvin Hsieh project-era co-founder statement · Calvin Hsieh / LinkedIn
- 3DuelNow company profile and leadership reporting · CB Insights
- 4StormX company profile · CB Insights
- 5StormX financing observations · DeFiLlama · user-editable
- 6Calvin Hsieh StormX and DuelNow founder biography · MarketScreener
- 7Simon Yu, StormX co-founder interview · Securities.io · Sep 2022
- 8Simon Yu current professional profile · Simon Yu / LinkedIn
- 9StormX Chapter 7 announcement · StormX / X · Jun 2025
- 10stormxio account identity · X / twitterapi.io
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.