ShuttleFlow, the multi-chain protocol ecosystem managed by the Conflux (CFX) Foundation, announced that it will cease operations after two years of service.
In an official announcement, the Conflux Foundation explained to users that all altcoins are safe and no additional action is required on their part. ShuttleFlow’s technology know-how was transferred to Zero Gravity.
Conflux Foundation expressed confidence in the benefits of decentralization and infrastructure partner accumulation for its ecosystem.
All user funds will be transferred from ShuttleFlow to Zero Gravity. Users who have previously built a bridge via ShuttleFlow and completed the request of bridge assets in the target chain do not need to take any additional action for the transition.
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Users who have bridged assets but have not yet claimed their cryptocurrency assets on the target chain are advised to claim their assets as soon as possible. After ShuttleFlow’s bridging service is closed, limited functionality will be available to support users to claim unclaimed user assets on the target chain.
The ShuttleFlow Website and decentralized application with limited functionality will remain online until 17:00 on January 6, 2024. Bridging operations in the ShuttleFlow decentralized application will officially close at 17:00 on November 6, 2023.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/popular-chinese-altcoin-announces-complete-shutdown-of-one-of-its-services/