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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Botanix has announced the shutdown of its Bitcoin Layer 2 network after four years of operation, citing insufficient fee revenue and challenges in sustaining the network without token incentives. A hard deadline of July 9, 2026, has been set for users to withdraw their assets before any remaining funds are permanently swept. The company urges all participants to complete their withdrawals ahead of this cutoff to ensure the safety of their holdings.