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Ether.fi says Blast chain is shutting down and urges withdrawals by 26 Oct

NewsFeeds update

Ether.fi says layer-two network Blast is closing because its operating costs exceeded the revenue it generated, with no economically sustainable path visible. It advised weETH holders to withdraw by 26 Oct; Lido asset withdrawals are handled first and take about a week, after which delays fall to 24 hours.

EthereumCoinNessAIBearish

Read the original on CoinNess

The story so far: Blast network shutdown

Ethereum layer-2 network Blast announced a full shutdown, saying maintenance costs far exceeded revenue. Coinbase halted BLAST trading on 20 Oct and urged users to withdraw before 26 Oct, when the network shuts down and Upbit delists BLAST. Blast has now closed, with a recovery site open until 4 November 2027.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Ethereum layer-2 network Blast to shut down chain operations

  2. Ethereum layer 2 network Blast to shut down after raising $20m in 2023

  3. Coinbase to suspend BLAST trading on 20 Oct after Blast shutdown

  4. Ether.fi says Blast chain is shutting down and urges withdrawals by 26 Oct

  5. Coinbase suspends BLAST trading and urges withdrawal before 26 Oct

  6. Blast bridge still holds about $40.4m as regular withdrawal interface closes

  7. Blast says L2 is shut and users can recover assets until 4 November 2027

  8. Blast Layer 2 network shuts down, users given 12 months to recover assets

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Every Ethereum update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.