Wu said he learned that the Ren 1.0 network will be shut down within 30 days, and officials recommend users to bridge their Ren assets (such as renBTC) back to their native chain as soon as possible. Officials will deploy Ren 2.0 on the testnet at the same time, the site will be hosted on IPFS, and control will be transferred to RenDAO. However, due to Alameda's bankruptcy, the Ren development team's funding can only be maintained until the end of Q4.