According to CryptoSlate, Ethereum layer-2 network Silicon announced it stopped accepting new bridge deposits on September 2 and began the shutdown process. Users have until December 31 to withdraw all assets; after that, the network and block explorer will be taken offline, and any remaining assets will be lost. Currently, on-chain assets total approximately $9.75 million, comprising $2.66 million in USDC, $2.54 million in WBTC, $2.08 million in ETH, and $1.85 million in USDT. Assets bridged from Ethereum mainnet can be withdrawn directly back to the mainnet during the withdrawal window. However, tokens that were issued directly on Silicon cannot be bridged and must be exchanged using the remaining on-chain liquidity. As the shutdown progresses, this liquidity may dwindle, making swaps increasingly difficult. Additionally, Silicon's Web3 wallet will be deactivated along with the network closure. Users are urged to act promptly to secure their funds.
Ethereum layer-2 network Silicon has stopped accepting new bridge deposits and initiated a shutdown process as of September 2, according to CryptoSlate. Users must withdraw all assets by December 31, after which the network and block explorer will go offline, making remaining assets unrecoverable.
Approximately $9.75 million in assets remain on-chain, including $2.66 million in USDC, $2.54 million in WBTC, $2.08 million in ETH, and $1.85 million in USDT.
Assets bridged from Ethereum mainnet can be directly withdrawn back to the mainnet within the window. However, tokens issued directly on Silicon cannot be bridged; they can only be swapped using remaining on-chain liquidity, which may become increasingly difficult as the shutdown progresses.
Silicon's Web3 wallet will also be deactivated.
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