Nearly $10 million must escape a dying Ethereum L2 network before New Year’s Eve or risk becoming unrecoverable

Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit.The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec. 31.Silicon said its explorer and network will shut down afterward, leaving assets that remain on the chain unrecoverable.It stated:“This network is a non-custodial service, meaning that the custody and withdrawal of assets are managed directly by each user. Once the service has been terminated, assets that have not been withdrawn cannot be recovered.”The closure unwinds a network that had sought to connect Korean centralized-exchange users with Ethereum’s onchain economy. Silicon was built with Polygon CDK, connected to Agglayer and closely integrated with Korbit, one of South Korea’s major crypto exchanges.Korbit’s Web3 Wallet, which ran on Silicon and was designed to give exchange customers access to DeFi and decentralized applications, is also being discontinued less than two years after launch.Nearly $10 million now has to find an exitThe imminent shutdown now turns from a network decision into an asset-recovery problem, with di...