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Another One Bites the Dust: Pudgy Penguins’ Abstract Layer 2 to Shut Down
99Bitcoins ·
99Bitcoins reports: Igloo, the parent company of Pengu crypto, will shut down Abstract on Dec. 15, 2026, and users must move their assets before the deadline or risk losing access to funds left on the network. About $76M remained on Abstract as of Wednesday, October 7, according to DefiLlama data. The closure makes Abstract the second Ethereum-linked layer 2 to announce a shutdown in less than a week, following Blast’s decision on October 2. Abstract is winding down.Starting today, all of…