Harmony developers proposed shutting down their L1 blockchain, launched in 2019, citing security threats. The plan involves migrating ONE tokens to the Ethereum network as ERC-20 assets. Users must withdraw funds from smart contracts by September 10, while validators are expected to begin node shutdowns on that date. A $1.372 million compensation fund is allocated for participants of the new initiative.
Router Protocol will cease operations by September 30 due to insufficient revenue. The team cited falling transaction fees and capital shifts toward AI as primary reasons. Developers plan to burn 303,333,198 ROUTE tokens from the treasury and coordinate delisting with centralized exchanges. No new software updates are planned, though parts of the source code will be made open-source.
Chilean exchange Orionx announced its closure following an audit that revealed a shortfall of over $7 million in client assets. The company suspended withdrawals and filed criminal charges against co-founders Roberto Siebert and Joaquin Diaz, alleging unauthorized access to storage systems. The former executives have denied these accusations. Tether led an investment round in the exchange in June 2025.
