Abstract’s shutdown exposes the gap between owning assets and being able to move them
Photo: CryptoSlate
Abstract, an Ethereum layer-2 network, says it will shut down on Dec. 15, 2026. In its Oct. 6 announcement , @AbstractChain told users to migrate their assets before that date or lose access to their funds. The deadline tests a distinction that can disappear behind the phrase self-custody. A holder can retain ownership and the authority to approve transactions while losing the infrastructure needed to execute them. Cube, Inc., the company providing Abstract's services, makes that separation explicit in its updated terms : wind-down does not transfer assets to Cube or the other parties covered by its terms, but the…
Source: CryptoSlate
