Ethereum Layer 2 network Abstract will cease operations on December 15, 2026, with all unbridged funds becoming permanently inaccessible after that date. Users must withdraw assets via the official migration hub or native bridge before the deadline, though the native bridge currently experiences approximately three-hour delays. The Pudgy Penguins team cited sustainability challenges as the primary reason for shutdown, noting that a consumer-focused chain struggled with stalled growth due to a limited DeFi ecosystem and weak on-chain liquidity. Despite previously attracting over 400,000 users and hosting more than 144 applications, the standalone model proved unviable. Officials have warned users to verify URLs carefully to avoid fraudulent migration websites.