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News/Pudgy Penguins-Backed Abstract to Shut Down After Heavy Losses Abstract, the Ethereum Layer 2 backed by Igloo Inc., the parent company behind Pudgy Penguins, will shut down on Dec. 15, 2026. The project cited stagnant growth, thin liquidity, and limited institutional adoption.

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Pudgy Penguins-Backed Abstract to Shut Down After Heavy Losses Abstract, the Ethereum Layer 2 backed by Igloo Inc., the parent company behind Pudgy Penguins, will shut down on Dec. 15, 2026. The project cited stagnant growth, thin liquidity, and limited institutional adoption.

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2 days ago·Neutral·Crypto News

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