Still farming Abstract points for an airdrop? Read this first: the Abstract chain is shutting down
1. Igloo, the parent company of Pudgy Penguins, announced that Abstract, an Ethereum L2 network, will cease operations on December 15. Any assets that haven’t been bridged out by then will become inaccessible.
2. The official exit options are the migration hub or the native bridge. Withdrawals via the native bridge take about 3 hours, so it’s best to act early and confirm that your assets have arrived on the destination chain.
3. CEO Luca Netz said the team has lost “tens of millions of dollars” on the chain and has explicitly decided not to issue a token for Abstract. Resources will be redirected to Pudgy Penguins and $PENGU .
4. This is the second Ethereum L2 to announce a shutdown in a week, following Blast. According to CoinDesk, about $76 million in assets remain on the Abstract chain. On the day the news spread, $OP fell by about 10%, leading losses among L2 tokens.
Key takeaway: Airdrop channels are still promoting “Abstract points + token” tasks today, and the hype is high. Since the official team says it won’t issue a token, there’s little point in continuing to interact with the chain. Links claiming to offer Abstract tokens or compensation are likely phishing scams.
For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.
#Abstract #PENGU #Layer2 #空投 #OnchainSecurity
1. Igloo, the parent company of Pudgy Penguins, announced that Abstract, an Ethereum L2 network, will cease operations on December 15. Any assets that haven’t been bridged out by then will become inaccessible.
2. The official exit options are the migration hub or the native bridge. Withdrawals via the native bridge take about 3 hours, so it’s best to act early and confirm that your assets have arrived on the destination chain.
3. CEO Luca Netz said the team has lost “tens of millions of dollars” on the chain and has explicitly decided not to issue a token for Abstract. Resources will be redirected to Pudgy Penguins and $PENGU .
4. This is the second Ethereum L2 to announce a shutdown in a week, following Blast. According to CoinDesk, about $76 million in assets remain on the Abstract chain. On the day the news spread, $OP fell by about 10%, leading losses among L2 tokens.
Key takeaway: Airdrop channels are still promoting “Abstract points + token” tasks today, and the hype is high. Since the official team says it won’t issue a token, there’s little point in continuing to interact with the chain. Links claiming to offer Abstract tokens or compensation are likely phishing scams.
For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.
#Abstract #PENGU #Layer2 #空投 #OnchainSecurity