Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning

According to CryptoSlate, Powerloom is set to permanently shut down its blockchain network on July 21 at 6:00 AM UTC, ending all services and access to assets. Users still holding transferable assets must bridge them to Ethereum within the next 24 hours or risk losing them permanently, as the project has already closed claims and unstaking options. The shutdown is due to the founders' decision that the project lacked a sustainable operational model and sufficient resources. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.