Omnity Network Ceases Operations, Bitcoin DeFi Products to Shut Down in 30 Days

Omnity Network has announced that it will gradually cease project operations due to depleted operational funds. Its Bitcoin DeFi products RichSwap and Satsman will stop operations within the next 30 days. The team advises RichSwap liquidity providers to withdraw liquidity as soon as possible and will upgrade the smart contracts to lift existing lock-up restrictions, allowing users to withdraw funds without limitations. A detailed timeline and liquidity withdrawal guidelines will be announced soon. During the transition period, support channels will remain open for 30 days to assist users with related operations. Core team members will continue to support the Bitcoin ecosystem and plan to participate in related development through personal and developer collaboration organizations.

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