CryptoCointelegraphabout 2 hours ago
Abstract Blockchain Shuts Down After Losses
2 min read
Pudgy Penguins-backed Abstract blockchain shuts down this year after losing tens of millions of dollars. CEO Luca Netz stated the company funded the Ethereum layer-2 for 18 months without finding product-market fit. Users must bridge assets by Dec. 15, 2026, or funds become inaccessible.
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