Closing of Lisk L2 Blockchain: Fate of Tokens and Assets

Lisk developers have officially shut down their L2 blockchain, the Lisk Portal service, and the Lisk Bridge. Users who failed to withdraw their assets before the network closure are left without any guarantees of recovery.

The plan to restore funds for affected investors is scheduled for January 2027. This decision is part of a major restructuring of the project's ecosystem.

As part of the closure procedure, approximately 5.2 million LSK tokens remaining in the staking rewards contract will be burned. Destroying this portion of the supply aims to stabilize the token's economy.

The Lisk project itself will continue to exist, shifting its focus to providing financial services for businesses. The LSK token will retain its value and remain on the Ethereum network.