Tagged: shutdown

Step Finance Ceases Operations Following $40 Million Security Incident

Step Finance, a decentralized finance platform on the Solana blockchain, has officially announced the immediate wind-down of all its activities after a significant cybersecurity breach drained roughly $40 million from its treasury. The closure, revealed on February 23, 2026, also encompasses its affiliated projects, SolanaFloor… Read More

On-Chain Analytics Platform Parsec Shuts Down After 5 Years of Operations

In a recent development for the cryptocurrency analytics space, Parsec — a provider of customizable on-chain data tools — has officially shut down its services. The platform, which specialized in DeFi and NFT-focused analytics, went offline on February 19, 2026, marking the end of a… Read More

Blockchain Platform Kadena to Wind Down Operations Due to Challenging Market Conditions

The Kadena organization said that it is no longer able to continue business operations and will be “ceasing all business activity” as well as any active maintenance of the Kadena blockchain with immediate effect. The Kadena organization said they are winding down operations because of… Read More

Following $133 Million Private Placement, US-Based Crypto Startup Basis Shuts Down & Returns Funds

Less than a year after securing $133 million in a private placement from  Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, a16z, Wing VC, NFX Ventures, Valor Capital, Zhenfund, INBlockchain, Ceyuan, Sky9 Capital, U.S. crypto firm Basis has decided to shut down all… Read More

BitLendingClub to Shut Down: Claims Closure Is Caused By Regulatory Pressure

BitLendingClub, a bitcoin peer-to-peer lending platform, announced on Thursday it was shutting down all of its services. The website claimed the closure was due to regulatory pressure. The lending portal’s team released a letter to customers, stating: “We’ve worked extremely hard to build a platform… Read More

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