Ethereum
Pudgy Penguins Parent Igloo to Shut Down Ethereum (ETH) Layer-2 Abstract on Dec. 15
COINOTAG·October 7, 2026·1 min read
Igloo Inc., parent of Pudgy Penguins, will shut down its Ethereum layer-2 Abstract on Dec. 15, 2026, after tens of millions in losses. Unbridged funds will become inaccessible, impacting users who have not moved assets. The closure marks a significant retreat from the L2 space.
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