Sophon Sets Nov. 30 Shutdown for Ethereum Layer 2 Network
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Sophon Chain plans to shut down its mainnet on Nov. 30, with assets remaining on the network after Nov. 25 at risk of becoming permanently inaccessible.
Sophon Chain has announced a timetable to close its standalone Ethereum Layer 2 network, setting Nov. 30 as the final day of mainnet operations.
The asset deadline comes earlier: holdings still on the blockchain after Nov. 25 could become permanently inaccessible, according to Bitcoin.com News.
The closure follows a $70 million funding push, the outlet reported. The supplied report excerpt does not explain the reason for the shutdown or provide details on the withdrawal process.
Source: Bitcoin.com News
