Pudgy Penguins-backed Ethereum L2 Abstract to shut down after losing ‘tens of millions’
Abstract, the Pudgy Penguins-backed Ethereum L2, will shut down on Dec. 15. Users must bridge assets off before then.
Key Takeaways
- Abstract, the Pudgy Penguins-backed Ethereum L2, will shut down on Dec.
- Users must bridge assets off before then.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Someone Scraped 5.6 Billion TikTok Videos and Put the Data on Hugging Face for Free
A developer posted metadata for about 5.6 billion public TikTok videos, scraped through the app's private API in a way TikTok's terms prohibit. The free dataset also doubles as a storefront.
Conduit Sues Tether Over a $2.76M USDT Wallet Frozen for a Year
Conduit Technology has sued Tether after the stablecoin issuer froze $2.76 million in the company’s USDT and allegedly kept it locked for more than a year. The stranger part is why. Conduit says Brazilian police never asked Tether to freeze its treasury…
Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down
Abstract will shut down Dec. 15, saying a chain focused solely on consumer crypto proved unsustainable, and is urging users to bridge their assets off before then.