Svmuu News: According to official reports, Loopring DEX has suspended all trading services, and its relayers have been taken offline. The team stated that the shutdown was due to a failure to achieve substantial adoption, the lack of a virtual machine, the delisting of LRC from major exchanges in 2026, and the fact that its technology has been surpassed by modern zkEVMs. The team will distribute all assets directly to users; users will not need to perform any on-chain operations or pay gas fees.
In the coming days, the team will publish the final balance list for Loopring L2 on X, including spot balances and liquidity pool positions that have been automatically converted to tokens. This list will be made public for two weeks for verification. After the review period ends, assets will be sent directly to users’ L1 wallet addresses in batches. This distribution is limited to accounts with a final total balance value of $10 or more, and the entire distribution process is expected to be completed within a few weeks of its launch.