Shutdown

crypto projec

2026-08-28 09:10:17

RootData: Over 100 Crypto Projects Shut Down or File for Bankruptcy in First 7 Months of 2026

Hong Kong Economic Journal, citing RootData statistics, reported that more than 100 cryptocurrency projects announced shutdowns, bankruptcy, or indefinite suspension of services in the first seven months of 2026. The article, relayed by ChainCatcher, stressed that the actual closure count may be higher, because many projects never issued formal announcements and instead faded away quietly. It further said the closure wave is not restricted to one niche, but has spread widely across exchanges, wallets, DeFi protocols, DAO tools, Layer 2 networks and infrastructure projects, forming a sector-wide trend. The column’s takeaway, based on RootData’s tracking figures, is that the recorded shutdowns are merely a floor and the real toll is probably larger. In other words, a project that simply goes silent still counts as a failure in practice, even if no one files a formal notice. The column presents this as a wave across the whole industry.

800

ENS

2026-08-28 02:13:46

ENS platform Vision to suspend operations on Aug. 31

Vision, a community-driven platform built around the Ethereum Name Service ecosystem, is set to halt operations on Aug. 31. The update came from Vision co-founder Furyan.eth, who said in a post on X that the platform will be suspended at the end of the month. He also said the platform’s assets will either be sold or moved into a CTO process. No additional details were provided in the post about how the asset sale would be handled or what form the CTO route would take. The statement outlines the next step for Vision and gives users a date for the platform’s shutdown, while leaving the final disposition of its assets open between the two paths mentioned.

1050

Lisk

2026-08-26 08:58:46

Lisk Chain to shut down on Oct. 31 as Lisk offers optional migration path to Celo

Lisk said it is changing course and will focus on building a modern treasury operations platform for finance teams. As part of that shift, the Ethereum layer-2 network’s Lisk Chain will officially shut down on Oct. 31, though the network will continue operating normally until that date. Lisk also said projects currently deployed on the chain can choose to migrate to Celo through an available transition path. The company stressed that the move is optional rather than mandatory, leaving each team to decide based on its own product needs, user base, and technical considerations. The update was disclosed in a post published by Lisk on X.

970

Superposition

2026-08-24 09:32:27

Superposition to shut down on Sept. 8, 2026, with USDC support ending on Aug. 28

Superposition, a DeFi-native Layer3 project built on Arbitrum One, said USDC on its network will be deprecated starting Aug. 28, with Stargate serving as the only available route for users to move funds off the chain. The team warned that any USDC left on Superposition after that point may become non-withdrawable. It also said the Superposition chain itself is scheduled to officially shut down on Sept. 8, 2026, and that other assets on the network may also become inaccessible at that time. Superposition has published a full migration guide and urged users to complete transfers as early as possible. The notice lays out two deadlines: one for USDC support ending ahead of time, and another for the network’s final shutdown in 2026. Users holding assets on the chain have been advised to act before those dates, as access after the cutoffs may not be guaranteed.

1250

BitMart

2026-08-22 15:16:41

BitMart weighs partial restart and creditor payouts, with roadmap due by Sept. 9

Crypto exchange BitMart is considering a partial restart and payouts to creditors weeks after it announced a shutdown, according to CoinDesk. The exchange has hired White & Case as restructuring counsel, a step that points to formal planning around its next phase. A more detailed roadmap is expected by Sept. 9. The report does not specify how broad a restart BitMart is considering or what payout structure may be used for creditors, but it indicates that both options are under review. The update comes after the exchange’s earlier shutdown announcement and sets a near-term deadline for greater clarity on its restructuring process.

420

XCAD Network

2026-08-21 00:24:00

XCAD Network says it is shutting down after running out of funds

XCAD Network has announced that it is ceasing operations, saying its accounts have seen no updates since April and that no funds remain. The team said staying listed on exchanges had become a losing battle, while its products and services will no longer be maintained. According to the project, it operated for five years and was among the few that lasted that long without securing a listing on a top-tier exchange. It also said its fan token business failed to regain momentum after retail participants left the market. The team later tried to pivot toward AI influencers, but that effort also fell short. XCAD Network is now considering open-sourcing its code so others can run it if needed, while stressing that such a move would not mean the company continues or that the project is being restarted.

1160

NoOnes

2026-08-18 15:35:43

NoOnes to wind down operations, shut P2P marketplace on Aug. 21

Peer-to-peer crypto trading platform NoOnes said it will begin a phased shutdown after operating for more than three years, citing sanctions that it said could not be resolved or lifted. According to the company, those sanctions led to the loss of key partners, while blockchain monitoring firms flagged transactions linked to NoOnes as high risk, making normal operations increasingly difficult. The wind-down began on Aug. 17. NoOnes said its P2P marketplace will close at 23:59 UTC on Aug. 21. Other services, including Swap, NoOnes Visa, fiat withdrawals, the gift card store, and the Bitcoin Lightning Network, will also be discontinued in stages. After that, the platform will switch to withdrawal-only access, allowing users to log in, check balances, and withdraw remaining assets. The company urged users to withdraw funds as soon as possible, with Aug. 23 given as the latest date. BlockBeats also noted that NoOnes had previously disclosed a major security breach earlier in January 2025 that resulted in roughly $8 million in crypto losses. CEO Ray Youssef confirmed the incident after on-chain investigator ZachXBT disclosed the hack in his Telegram channel.

1220

Bybit

2026-08-15 05:14:44

ABFinance, launched by former Bybit co-CEO Helen Liu, says it is winding down operations

ABFinance, a crypto trading platform launched by former Bybit co-CEO Helen Liu, has announced an orderly shutdown of operations. The platform was founded after Liu left her role on April 30, 2026, to start her own venture. At the time, Liu said ABFinance would build its business under U.S. regulation and combine deposit, earning, trading, and spending functions in a single platform. She also said the product would connect fiat currency services with cryptocurrency. The announcement marks a halt for a platform that had positioned itself around regulated operations in the United States and an integrated user offering spanning several financial functions.

1180