The post dYdX Shuts Token Bridge Leaving 45,000 Holders Stuck With $25 Million appeared on BitcoinEthereumNews.com. dYdX Shuts Token Bridge and Leaves Holders Stuck Decentralized exchange dYdX is under fire after it permanently closed the bridge for migrating ethDYDX tokens to the native dYdX Chain on June 13, 2025. The closure left around 45,000 holders unable to convert more than $25 million worth of tokens. One community member summed up the frustration: “Thousands of retail investors suddenly found themselves holding assets they can’t use or trade. In our group alone, people lost more than $200,000 in value.” The bridge shutdown had been approved in a December 2024 community vote, where participants decided to end support for the wethDYDX smart contract. After a six-month transition period, support officially ended. As a result, ethDYDX tokens can no longer be traded, listed on decentralized (DEX) or centralized exchanges (CEX), or migrated to native DYDX. Any attempt to use the old bridge now results in tokens being permanently locked. Supply Cut After Migration Deadline According to official figures, more than 41.6 million ethDYDX tokens were left unmigrated at the time of closure. These tokens have now been excluded from both the total and circulating supply. This adjustment reduced the total DYDX supply to 958.3 million, while the circulating supply now stands at 750.2 million. For affected investors, the only path forward is the dYdX governance forum, where a proposal is being discussed to reopen migration for ERC-20 DYDX. Meanwhile, community initiative groups on Telegram are coordinating actions to lobby for a solution. One activist explained: “People aren’t giving up. We’re organizing, pushing governance, and looking for ways to restore fairness.” It’s not the first time dYdX has made headlines. In August 2024, the team unveiled dYdX Unlimited, a new platform allowing liquidity provision through MegaVault — a move that was celebrated at the time as a step toward greater adoption.… The post dYdX Shuts Token Bridge Leaving 45,000 Holders Stuck With $25 Million appeared on BitcoinEthereumNews.com. dYdX Shuts Token Bridge and Leaves Holders Stuck Decentralized exchange dYdX is under fire after it permanently closed the bridge for migrating ethDYDX tokens to the native dYdX Chain on June 13, 2025. The closure left around 45,000 holders unable to convert more than $25 million worth of tokens. One community member summed up the frustration: “Thousands of retail investors suddenly found themselves holding assets they can’t use or trade. In our group alone, people lost more than $200,000 in value.” The bridge shutdown had been approved in a December 2024 community vote, where participants decided to end support for the wethDYDX smart contract. After a six-month transition period, support officially ended. As a result, ethDYDX tokens can no longer be traded, listed on decentralized (DEX) or centralized exchanges (CEX), or migrated to native DYDX. Any attempt to use the old bridge now results in tokens being permanently locked. Supply Cut After Migration Deadline According to official figures, more than 41.6 million ethDYDX tokens were left unmigrated at the time of closure. These tokens have now been excluded from both the total and circulating supply. This adjustment reduced the total DYDX supply to 958.3 million, while the circulating supply now stands at 750.2 million. For affected investors, the only path forward is the dYdX governance forum, where a proposal is being discussed to reopen migration for ERC-20 DYDX. Meanwhile, community initiative groups on Telegram are coordinating actions to lobby for a solution. One activist explained: “People aren’t giving up. We’re organizing, pushing governance, and looking for ways to restore fairness.” It’s not the first time dYdX has made headlines. In August 2024, the team unveiled dYdX Unlimited, a new platform allowing liquidity provision through MegaVault — a move that was celebrated at the time as a step toward greater adoption.…

dYdX Shuts Token Bridge Leaving 45,000 Holders Stuck With $25 Million

2 min read

dYdX Shuts Token Bridge and Leaves Holders Stuck

Decentralized exchange dYdX is under fire after it permanently closed the bridge for migrating ethDYDX tokens to the native dYdX Chain on June 13, 2025. The closure left around 45,000 holders unable to convert more than $25 million worth of tokens.

One community member summed up the frustration: “Thousands of retail investors suddenly found themselves holding assets they can’t use or trade. In our group alone, people lost more than $200,000 in value.”

The bridge shutdown had been approved in a December 2024 community vote, where participants decided to end support for the wethDYDX smart contract. After a six-month transition period, support officially ended.

As a result, ethDYDX tokens can no longer be traded, listed on decentralized (DEX) or centralized exchanges (CEX), or migrated to native DYDX. Any attempt to use the old bridge now results in tokens being permanently locked.

Supply Cut After Migration Deadline

According to official figures, more than 41.6 million ethDYDX tokens were left unmigrated at the time of closure. These tokens have now been excluded from both the total and circulating supply.

This adjustment reduced the total DYDX supply to 958.3 million, while the circulating supply now stands at 750.2 million.

For affected investors, the only path forward is the dYdX governance forum, where a proposal is being discussed to reopen migration for ERC-20 DYDX. Meanwhile, community initiative groups on Telegram are coordinating actions to lobby for a solution.

One activist explained:

It’s not the first time dYdX has made headlines. In August 2024, the team unveiled dYdX Unlimited, a new platform allowing liquidity provision through MegaVault — a move that was celebrated at the time as a step toward greater adoption.

Source: https://coinpaper.com/11046/d-yd-x-shuts-token-bridge-leaving-45-000-holders-stuck-with-25-million

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.006513
$0.006513$0.006513
-7.02%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

The post Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion appeared on BitcoinEthereumNews.com. In brief Shares of BitMine Immersion
Share
BitcoinEthereumNews2026/02/06 04:47
Crypto-Fueled Rekt Drinks Sells 1 Millionth Can Amid MoonPay Collab

Crypto-Fueled Rekt Drinks Sells 1 Millionth Can Amid MoonPay Collab

The post Crypto-Fueled Rekt Drinks Sells 1 Millionth Can Amid MoonPay Collab appeared on BitcoinEthereumNews.com. In brief Rekt Brands sold its 1 millionth can of its Rekt Drinks flavored sparkling water. The Web3 firm collaborated with payments infrastructure company MoonPay on a peach-raspberry flavor called “Moon Crush.” Rekt incentivizes purchasers of its drinks with the REKT token, which hit an all-time high market cap of $583 million in August. Web3 consumer firm Rekt Brands sold its 1 millionth can of its Rekt Drinks sparkling water on Friday, surpassing its first major milestone with the sold-out drop of its “Moon Crush” flavor—a peach raspberry-flavored collaboration with payments infrastructure firm MoonPay.  The sale follows Rekt’s previous sellout collaborations with leading Web3 brands like Solana DeFi protocol Jupiter, Ethereum layer-2 network Abstract, and Coinbase’s layer-2 network, Base. Rekt has already worked with a number of crypto-native brands, but says it has been choosy when cultivating collabs. “We have received a large amount of incoming enquiries from some of crypto’s biggest brands, but it’s super important for us to be selective in order to maintain the premium feel of Rekt,” Rekt Brands co-founder and CEO Ovie Faruq told Decrypt.  (Disclosure: Ovie Faruq’s Canary Labs is an investor in DASTAN, the parent company of Decrypt.) “We look to work with brands who are able to form partnerships that we feel are truly strategic to Rekt’s goal of becoming one of the largest global beverage brands,” he added. In particular, Faruq highlighted MoonPay’s role as a “gateway” between non-crypto and crypto users as a reason the collaboration made “perfect sense.”  “We’re thrilled to bring something to life that is both delicious and deeply connected to the crypto community,” MoonPay President Keith Grossman told Decrypt.  Rekt Brands has been bridging the gap between Web3 and the real world with sales of its sparkling water since November 2024. In its first sale,…
Share
BitcoinEthereumNews2025/09/20 09:24
Dogecoin ETF Set to Go Live Today – A First for U.S. Investors

Dogecoin ETF Set to Go Live Today – A First for U.S. Investors

Beginning September 18, investors are expected to be able to buy exchange-traded funds (ETFs) tied directly to XRP and Dogecoin, […] The post Dogecoin ETF Set to Go Live Today – A First for U.S. Investors appeared first on Coindoo.
Share
Coindoo2025/09/18 14:35