The Ethereum L2 ends operations by December 31 with funds remaining on-chain.
CryptoSlate reported that Silicon Network is shutting down with about $9.75 million still on-chain. Users have until December 31 to withdraw assets. Funds bridged from Ethereum can return to that chain. Tokens issued directly on Silicon depend on remaining liquidity and may become stuck after the network and explorer go dark. The layer 2 stopped new deposits and issued warnings that exit routes differ before shutdown. The report urges users to move assets before New Year's Eve to prevent them from becoming unrecoverable.
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The Ethereum L2 ends operations by December 31 with funds remaining on-chain.
CryptoSlate reported that Silicon Network is shutting down with about $9.75 million still on-chain. Users have until December 31 to withdraw assets. Funds bridged from Ethereum can return to that chain. Tokens issued directly on Silicon depend on remaining liquidity and may become stuck after the network and explorer go dark. The layer 2 stopped new deposits and issued warnings that exit routes differ before shutdown. The report urges users to move assets before New Year's Eve to prevent them from becoming unrecoverable.
CryptoSlate@CryptoSlate🔐 SECURITY: Silicon Network is shutting down with about $9.75M still on-chain. Users have until Dec. 31 to get out. Assets bridged from Ethereum can return there, but tokens issued on Silicon depend on whatever liquidity is left—and may be stuck once the network goes dark.
CryptoSlate@CryptoSlate🔐 SECURITY: Silicon Network is shutting down with about $9.75M still on-chain. Users have until Dec. 31 to get out. Assets bridged from Ethereum can return there, but tokens issued on Silicon depend on whatever liquidity is left—and may be stuck once the network goes dark.
