CoinScoopSilicon Network shutdown underscores risks of smaller Layer 2 blockchains
The Ethereum (ETH) Layer 2 network Silicon Network is shutting down, putting nearly $10 million in user assets at risk. The network ceased new bridge deposits on September 2 and has set a withdrawal deadline of December 31, 2026, after which the chain and its block explorer will be decommissioned, potentially rendering remaining assets unrecoverable.
Summaries are written by AI from the original article. Not investment advice.