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Loopring DEX has ceased all services, and user assets will be returned in bulk to L1 by the team.

MeNews
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ME News, June 29 (UTC+8), Ethereum L2 protocol Loopring announced that Loopring DEX has ceased all trading services and the relayers have been taken offline. The official statement indicated that due to long-term lack of adoption, the absence of a virtual machine leading to incomposability, and the technology being surpassed by modern zkEVM solutions, the team has decided to end the service. Regarding user assets, Loopring stated it will handle them in a centralized manner: in the coming days, a final balance list for all users (including spot and LP positions) will be published. After a two-week review period, the team will directly batch-transfer assets back to users' L1 Ethereum addresses, covering all gas fees. Accounts with balances below $10 will not be processed to improve efficiency. (Source: Foresight News)
LRC-3.15%
ETH0.48%
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