Loopring announced the immediate cessation of trading operations and the shutdown of its relayer. The team acknowledged that the platform never achieved significant adoption: its architecture, lacking a virtual machine, prevented the use of smart contracts, while modern zkEVM solutions have completely surpassed the original design. An additional blow came with the delisting of LRC from major exchanges in 2026.
User funds are safe—the team will independently distribute assets to L1 wallets. Loopring will publish final balances; after a two-week verification period, it will begin batch distribution. The team will cover all gas fees. The minimum payout threshold is $10.
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