All players who spent money in-game across Arc and the Epic Games Store during the Open Beta will be refunded their full purchase amounts. The servers will remain going until the closing day, but the in-game Zen Shop has been closed.
“Our vision for Magic: Legends missed the mark, but we are proud of what we achieved. Thanks to Wizards of the Coast, we got to bring the expansive Magic: The Gathering Multiverse to a wide audience and explore new angles within the established ARPG genre. We learned several valuable lessons along the way, and we will use them to improve Cryptic’s future development efforts.”
Check out the official announcement for further details and the Magic: Legends shutdown FAQ.