TechFlow News — PeckShield Alert reports that the Ren 1.0 network will shut down on December 20. Users are advised to promptly remove their renBTC exposure on platforms such as Curve, Convex, and Badger to avoid potential financial losses.
Previously, cross-chain asset protocol Ren Protocol announced that Alameda had collaborated with Ren’s former leadership to acquire the project. However, due to Alameda’s bankruptcy, funding for Ren’s development team only lasted through Q4. Currently, Ren is negotiating with investors to continue its development and plans to launch Ren 2.0 earlier than expected. The website will also be hosted on IPFS, with control transferred to RenDAO. As the Ren 1.0 network approaches shutdown, users are strongly encouraged to bridge their Ren assets (e.g., renBTC) back to their native chains as soon as possible.Original link
