• 28 September, 2024
Market News

Vega Protocol, backed by Pantera, ends its layer-1 chain

Vega Protocol is shutting down its blockchain following an on-chain vote. Validators will maintain the network temporarily for fund withdrawals until late October. Trading has ceased, and VEGA’s price dropped 14%. A final vote will set market settlement prices and allocate $28,000 to validators. Assets left on-chain may become irretrievable. Vega launched in 2023 and was backed by Pantera Capital.

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