Omnity Network announces cessation of operations, its Bitcoin DeFi products to shut down within 30 days.

BlockBeats news, September 28: According to official sources, Omnity Network has announced that due to depleted operational funds, it will gradually cease project operations. Omnity's Bitcoin DeFi products RichSwap and Satsman will stop operations within the next 30 days. The team reminds RichSwap liquidity providers to withdraw their liquidity as soon as possible, and states that it will upgrade the smart contracts to remove existing lock-up restrictions to support users in withdrawing funds without limitations. The specific operation timeline and liquidity withdrawal guidelines will be announced soon.

Omnity states that support channels will remain open for 30 days during the transition period to assist users in completing related operations. Although the project will cease operations, core team members will continue to support the Bitcoin ecosystem and plan to participate in related development through individual and developer collaborative organizations.