TechFlow News, April 29: According to an official announcement by Tropykus, the decentralized lending protocol Tropykus has initiated a phased shutdown process for its current protocol version. Deposit and lending functionalities will be permanently discontinued. Users may withdraw funds and repay loans via tropykus.com until the deadline of July 27, 2026; thereafter, such operations will only be supported via direct interaction with smart contracts.
The team stated that this shutdown decision stems from long-term strategic evolution considerations—not from the security report previously received by Money on Chain, a partner of Tropykus. That report had prompted the protocol to proactively pause deposits and new lending activities. However, the team emphasized that internal discussions regarding the shutdown predated this incident, and the security event merely accelerated the decision. Technically, the team noted that the original architecture was designed for an earlier technological environment and is no longer adequate to meet long-term development needs amid emerging security challenges posed by technologies such as artificial intelligence.
The team advises all users to complete withdrawals and settle their lending positions via tropykus.com before July 27, 2026. After this date, users will need technical capability to interact directly with smart contracts to perform these operations.
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