Omnity Network Announces Cessation of Operations; Bitcoin DeFi Products to Be Discontinued Within 30 Days

Huo Xing Finance reports that, on September 28, according to official announcements, Omnity Network has declared it will gradually cease operations due to depleted operational funds. Omnity’s Bitcoin DeFi products, RichSwap and Satsman, will cease operations within the next 30 days. The team advises RichSwap liquidity providers to withdraw their liquidity as soon as possible and states that smart contracts will be upgraded to remove existing lock-up restrictions, enabling users to withdraw their funds without limitations. Specific timelines and withdrawal guidelines will be published soon. Omnity confirms that support channels will remain open for 30 days during the transition period to assist users with related procedures. Although the project will be discontinued, core team members will continue supporting the Bitcoin ecosystem and plan to contribute to related development efforts through personal initiatives and developer collaborations.