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Project Overview
Shutdown is an action-packed web3 gaming IP set in a dystopian universe where AI has taken over. Players immerse themselves in fast-paced battles, competing against opponents from around the world to claim valuable resources and rise through the ranks of the decentralized society. As a skilled pilot, you must strategically navigate hostile environments, customize your arsenal, and earn crypto rewards as you conquer the Shutdown universe.
Polychain and Coinbase-backed Satori Finance Announces Shutdown
Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
Ventuals Announces Business Shutdown to Integrate into Hyperliquid Ecosystem; Relevant Markets Begin Settlement
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Radiant Capital Announces Shutdown, Unable to Recover from $50 Million Hack
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
Ranger Finance Announces Gradual Shutdown Due to Funding Difficulties and Drift Vulnerability
Ranger Finance co-founder cobra stated that Ranger Finance is winding down operations. Some personnel and vendors who collaborated with, built, and supported the project have not received full payment. He explained that during periods of cash shortage, the founders personally injected funds to keep operations running and advanced fundraising efforts within MetaDAO; however, the delayed fundraising led to an accumulation of unpaid bills. After the fundraising was completed, the project only secured approximately two months of runway before the funds were returned. Ranger Finance noted that treasury liquidation exceeded expectations, negatively impacting employees, vendors, and growth budgets. Subsequently, the Drift vulnerability further hampered project progress. Vault users affected by the Drift vulnerability will receive recovered tokens when distributed by the Drift team.
Oxium Announces Shutdown on August 1; Users Urged to Cancel Orders, Close Positions, and Withdraw Assets Promptly
According to an official announcement, Oxium stated that due to prolonged adverse market conditions resulting in insufficient platform revenue, it can no longer sustain operations; the team has therefore decided to gradually wind down the project. The official statement emphasized that users’ deposited assets remain secure and under users’ sole control, and this announcement aims to remind users to arrange orderly withdrawals in advance.
Goldfinch Community Proposal for Operational Maintenance and Orderly Shutdown of Goldfinch Prime
The Goldfinch community has approved GIP-87, initiating the orderly shutdown of Goldfinch Prime and transitioning Goldfinch into “maintenance mode.” Future efforts will focus primarily on recovering funds from legacy lending pools, ensuring users can continue to claim repayments through historical applications, and completing foundation-related operational and administrative wind-down activities.
Ventuals: HIP-3 Decentralized Exchange Has Completed Shutdown
Ventuals posted on X platform, stating that the HIP-3 decentralized exchange has been fully shut down, and the vHYPE withdrawal process has now been initiated. The approximately 380,775 HYPE tokens that were previously in the queue have been processed around 10:00 AM Eastern Time today, and all previously submitted vHYPE withdrawal requests have been included in this batch.According to the rules, users can claim HYPE 7.5 days after the processing is completed, which is expected to be available from approximately 10:00 PM Eastern Time on June 26.
Ventuals Announces Business Shutdown to Integrate into Hyperliquid Ecosystem; Relevant Markets Begin Settlement
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Lattice Announces Redstone Shutdown in May 2026; Users Must Withdraw Funds Promptly
Lattice, a blockchain gaming infrastructure team, announced it will gradually shut down after five years of operation, with its Redstone network officially ceasing operations on May 15, 2026, at 23:59 UTC. Lattice urges users to withdraw their funds from Redstone as soon as possible—especially assets held in smart contracts such as Uniswap—since, after shutdown, the Layer-1 withdrawal contract will only support withdrawals for externally owned accounts (EOAs); funds held within smart contracts cannot be retrieved via this method. Founded in 2021, Lattice focused on building on-chain autonomous virtual worlds and developed several projects during its tenure, including MUD, Redstone, Quarry, and Dozer. The team stated that the DUST project has migrated to DUST Chain and will continue to be supported by 0xPARC. Meanwhile, MUD, Quarry, and Dozer have all been open-sourced, enabling users to freely migrate and utilize them.
Radiant Capital Announces Shutdown, Unable to Recover from $50 Million Hack
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
Ranger Finance Announces Gradual Shutdown Due to Funding Difficulties and Drift Vulnerability
Ranger Finance co-founder cobra stated that Ranger Finance is winding down operations. Some personnel and vendors who collaborated with, built, and supported the project have not received full payment. He explained that during periods of cash shortage, the founders personally injected funds to keep operations running and advanced fundraising efforts within MetaDAO; however, the delayed fundraising led to an accumulation of unpaid bills. After the fundraising was completed, the project only secured approximately two months of runway before the funds were returned. Ranger Finance noted that treasury liquidation exceeded expectations, negatively impacting employees, vendors, and growth budgets. Subsequently, the Drift vulnerability further hampered project progress. Vault users affected by the Drift vulnerability will receive recovered tokens when distributed by the Drift team.
Carrot Announces Shutdown; Users Must Withdraw Remaining Funds Before May 14
DeFi project Carrot announced it will cease operations due to the significant operational impact caused by the Drift vulnerability exploit. Carrot has set May 14 as the deadline for users to withdraw remaining funds from Boost, Turbo, and CRT. Following this, the platform will begin deleveraging its system—reducing all leverage to zero—to free up liquidity for CRT redemptions. Carrot stated that user-deposited funds remain the property of users; should Drift pursue any subsequent recovery measures, related funds will still be distributed per prior announcements.
Forma Announces Shutdown of Blockchain Network and Migration of NFTs to Ethereum Mainnet
NFT platform Forma announced it will cease operations of the Forma blockchain, stating that continuing to maintain the network is unsustainable. Forma stated it will migrate the Modularium platform and Forma NFTs to the Ethereum mainnet to ensure the long-term continuity of related works and trading markets. After the migration is complete, user NFTs will remain accessible and can be traded on Ethereum ecosystem markets such as OpenSea, while Modularium will continue to operate as a display platform for these NFT series. Forma also urged users to withdraw on-chain funds via the Forma Bridge as soon as possible. Unwithdrawn assets will be manually migrated by the team to a new EVM-compatible chain at a later stage. The team emphasized that user funds and NFT assets are secure, and specific migration timelines and processes will be announced subsequently.
Former BitMart Employees Say Platform Shutdown Was Not Unexpected, Accuse It of Long-Term Wage Arrears and Internal Management Issues
According to X user DI (@Start16Start), he previously worked at BitMart and is currently a WEEX employee. After BitMart released the announcement to cease operations, DI posted stating that as someone who was once inside the company, seeing BitMart shut down was "not surprising".
Loopring DEX Announces Immediate Shutdown and Will Directly Return Users’ Assets
According to Loopring’s official announcement, Loopring DEX—the first zkRollup protocol on Ethereum—has announced the immediate cessation of all trading services, and its relayer has been taken offline simultaneously. The team cited several reasons for the shutdown: (1) its early architecture lacked virtual machine support, constraining ecosystem growth; (2) insufficient commercial operational capabilities within the team; (3) external pressure—including the delisting of LRC from multiple major exchanges in 2026; and (4) the fact that modern zkEVM solutions have comprehensively surpassed Loopring’s original technical architecture. Regarding user asset distribution, Loopring will adopt a centralized approach to directly batch-send assets to users’ Layer-1 wallet addresses. Users need not perform any on-chain actions or pay gas fees—all transaction costs will be borne by the team. The specific process is as follows: publish the final balance list → upgrade the smart contract → a two-week public review and audit period → batch distribution.
Polychain and Coinbase-backed Satori Finance Announces Shutdown
Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
Ventuals Announces Business Shutdown to Integrate into Hyperliquid Ecosystem; Relevant Markets Begin Settlement
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Felix Protocol Announces Shutdown of HIP-3 DEX, Refocusing on Core Lending Business After Competitive Setback
Charlie (@0xBroze), co-founder of the Felix Protocol, announced that Felix’s HIP-3 DEX and all spot markets will begin shutting down on June 19 and complete shutdown by June 20; all traders must close their active positions before then. In its post-mortem analysis, the Felix team noted that competitor TradeXYZ successfully established a growth flywheel and gained market dominance by launching earlier, pricing in USDC (rather than Felix’s USDH), rapidly expanding the number of markets, and leveraging airdrop-driven brand effects. Although Felix launched first in markets such as OIL, GOLD, and SILVER—and recorded approximately $3 billion in trading volume—it was ultimately overtaken by TradeXYZ. Felix emphasized that the DEX shutdown will not affect its lending or spot stock trading businesses, and the team will continue focusing on upgrading and iterating these core products.
Related news
BitMEX Sued for Seizing 622 Bitcoin via Server Freeze and Insider Trading Before Shutdown
Bitcoin News posted on X platform, stating that a lawsuit alleges BitMEX seized 622 Bitcoin through server freezes and insider trading before its shutdown.
Forma Announces Shutdown of Blockchain Network and Migration of NFTs to Ethereum Mainnet
NFT platform Forma announced it will cease operations of the Forma blockchain, stating that continuing to maintain the network is unsustainable. Forma stated it will migrate the Modularium platform and Forma NFTs to the Ethereum mainnet to ensure the long-term continuity of related works and trading markets. After the migration is complete, user NFTs will remain accessible and can be traded on Ethereum ecosystem markets such as OpenSea, while Modularium will continue to operate as a display platform for these NFT series. Forma also urged users to withdraw on-chain funds via the Forma Bridge as soon as possible. Unwithdrawn assets will be manually migrated by the team to a new EVM-compatible chain at a later stage. The team emphasized that user funds and NFT assets are secure, and specific migration timelines and processes will be announced subsequently.
Former BitMart Employees Say Platform Shutdown Was Not Unexpected, Accuse It of Long-Term Wage Arrears and Internal Management Issues
According to X user DI (@Start16Start), he previously worked at BitMart and is currently a WEEX employee. After BitMart released the announcement to cease operations, DI posted stating that as someone who was once inside the company, seeing BitMart shut down was "not surprising".
Loopring DEX Announces Immediate Shutdown and Will Directly Return Users’ Assets
According to Loopring’s official announcement, Loopring DEX—the first zkRollup protocol on Ethereum—has announced the immediate cessation of all trading services, and its relayer has been taken offline simultaneously. The team cited several reasons for the shutdown: (1) its early architecture lacked virtual machine support, constraining ecosystem growth; (2) insufficient commercial operational capabilities within the team; (3) external pressure—including the delisting of LRC from multiple major exchanges in 2026; and (4) the fact that modern zkEVM solutions have comprehensively surpassed Loopring’s original technical architecture. Regarding user asset distribution, Loopring will adopt a centralized approach to directly batch-send assets to users’ Layer-1 wallet addresses. Users need not perform any on-chain actions or pay gas fees—all transaction costs will be borne by the team. The specific process is as follows: publish the final balance list → upgrade the smart contract → a two-week public review and audit period → batch distribution.
Sei Ecosystem DEX Oxium Announces Gradual Shutdown; Platform Interface to Close on August 1
Oxium, a Sei-based order book DEX, has announced it will gradually cease operations. The team stated that prolonged adverse market conditions have resulted in platform revenue failing to cover operational costs, and the frontend interface will officially shut down on August 1, 2026.
Oxium Announces Shutdown on August 1; Users Urged to Cancel Orders, Close Positions, and Withdraw Assets Promptly
According to an official announcement, Oxium stated that due to prolonged adverse market conditions resulting in insufficient platform revenue, it can no longer sustain operations; the team has therefore decided to gradually wind down the project. The official statement emphasized that users’ deposited assets remain secure and under users’ sole control, and this announcement aims to remind users to arrange orderly withdrawals in advance.