The Cookie team suddenly shut down the Snaps feature, leaving creators, event operators, and staking users in distress. The market reacted quickly, with $COOKIE tokens plummeting nearly 11%.

This incident highlights a core issue: when project teams can shut down key product features overnight, user assets and rights are directly exposed to risk. Trust between the team and the community is built on transparency and accountability commitments. Without prior communication, risk contingency plans, or measures to protect user liquidity, even the best ecosystem can become unstable. This serves as a warning to the entire Web3 ecosystem—how important governance transparency and user protection mechanisms are.