Another crypto project shuts down as funding runs dry

Apr 28, 2026 3:35 PMPublished Apr 28, 2026 3:35 PM

Despite claims of decentralization, many Layer 1 crypto projects are proving to be fundamentally centralized, with their very existence dependent on a single foundation. Over Protocol's shutdown, rendering its "decentralized" network inactive because its core infrastructure was discontinued by the foundation, exposes this critical flaw. Is true decentralization just a myth in most crypto projects?
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A growing wave of shutdowns suggests crypto’s easy-money era may be coming to an end.

www.thestreet.comAnother crypto project shuts down as funding runs dryA growing wave of shutdowns suggests crypto’s easy-money era may be coming to an end.

Crypto Shutdown •Crypto Operations •Bull Market •Financial Stress •Airdrop

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