Why Pudgy Penguins' Abstract Blockchain Is Shutting Down in December 2026
Igloo Inc., the company behind Pudgy Penguins, is shutting down its Abstract blockchain on December 15, 2026, after losing tens of millions of dollars. Here's what happened, what it means for the roughly $47-48 million still on the chain, and why another Ethereum layer-2 collapsed the same week.