Woofun AI reports that Loopring DEX has suspended all trading services and taken its relayer offline. The team attributed the shutdown to insufficient adoption, the lack of a virtual machine, LRC delistings by major exchanges in 2026, and technological inferiority to modern zkEVMs.

Assets will be distributed directly to users' L1 wallet addresses without requiring on-chain actions or gas fees. A final balance list covering spot and liquidity pool positions will be published on X for two weeks of verification. Distribution targets accounts with a total balance of at least $10 and is expected to conclude within a few weeks.