WorldPingAbstract, the Pudgy Penguins-backed Ethereum L2, will shut down on Dec.
Users must bridge assets off before then.
Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.
When each newsroom published on this story, oldest first — all times UTC.
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Pudgy Penguins-backed Ethereum L2 Abstract to shut down after losing ‘tens of millions’
The original report was published by The Block. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at The BlockLiving hubs that keep updating as this story develops.
WorldPingAbstract 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.
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