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Linear Finance Ceases Operations As 'Notice Of Closure' Announced

Summary by Coingape

DeFi protocol Linear Finance faced a severe setback this Thursday as the company announced plans to cease operations. In an official X post on March 27, the entity made a ‘Notice of Closure’ announcement. The protocol’s native token LINA also crashed hard, extending weekly losses to nearly 70% amid the project encountering turbulent waters. Linear Finance Issues ‘Notice Of Closure,’ Here’s Why In its recent X post, Linear Finance revealed that t…

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Crypto News Flash

Linear Finance Calls It Quits as Cash Flow Runs Dry - Crypto News Flash

Linear Finance shuts down after Binance delists LINA and cash flow issues escalate. Tech wasn’t the problem—generating sustainable income proved to be the real challenge. Linear Finance has finally decided to shut down all its operations after Binance announced that it would delist the LINA token from its trading list. It didn’t take long for the news to immediately hit LINA’s market value, dropping by around 65%. Like a store that caught fire, …

5 days ago

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Tron Weekly Journal

DeFi Protocol Linear Finance Abruptly Shuts Down After Binance Delisting And Financial Losses

Linear Finance shuts down after Binance delists LINA, causing a market cap drop. Binance’s delisting accelerates Linear Finance’s financial struggles, ending operations. Linear Finance’s reliance on token liquidations led to an unsustainable financial model. DeFi protocol Linear Finance publicly announced its closure on March 27 after operating for nearly five years. The protocol faced financial challenges, which led to the end of the project. I…

5 days ago

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coinsurges.com

Linear Finance Shuts Down Amid Financial Struggles and Binance’s LINA Delisting - Coin Surges

Linear Finance has announced its closure due to financial difficulties amplified by Binance’s delisting of its LINA token. The team will soon provide users with instructions on liquidating their positions, marking the end of the project’s multi-year journey. Cross-Chain Protocol Linear Finance Winds Down After Market Woes Linear Finance, a cross-chain synthetic asset protocol, has […] Read Entire Article The post Linear Finance Shuts Down Amid F…

6 days ago

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Bitcoin.com

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Linear Finance Shuts Down Amid Financial Struggles and Binance's LINA Delisting – Crypto News Bitcoin News

6 days ago

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cryptotale.org

Linear Finance Announces Shutdown Amid Token Price Decline

Linear Finance shuts down after LINA token drops 65% following Binance delisting. Financial struggles led to Linear Finance’s closure and liquidation plans for users. LINA token crashes 67% weekly as Linear Finance announces its operational wind-down. Linear Finance, a cross-chain synthetic asset protocol, has officially announced its decision to cease operations due to ongoing financial challenges. In a statement shared on X (formerly Twitter) …

6 days ago

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https://www.cryptela.com

Linear Finance Faces Collapse as LINA Token Plummets in Valu

Linear Finance suspends operations due to financial difficulties and unsustainable revenue. LINA token experiences a significant drop in value, alarming investors. Continue Reading:Linear Finance Faces Collapse as LINA Token Plummets in Value The post Linear Finance Faces Collapse as LINA Token Pl...

6 days ago

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