SpiritSwap Announces Shutdown Following Multichain Exploit, Seeks New Team

• SpiritSwap, pioneering DEX on Fantom Opera Chain, announces winding down its operations.
• Community has until September 1 to withdraw liquidity.
• SPIRIT price drops by 36% in 24 hours to $0.0008 from $0.0012.

In a letter addressed to the SpiritSwap Community, the pioneering decentralized exchange (DEX) built on the Fantom Opera Chain, SpiritSwap, has officially announced its decision to wind down operations and begin the search for a new team to take the reins.

End of an era as @Spirit_Swap calls it quits; the very first place I landed on #Fantom 828 days ago

They're looking for a team to hand things to; otherwise operations will cease on September 1; a guide to help users withdraw $SPIRIT dregs as they unlock will be developed pic.twitter.com/Syu2wqNlAY

— The Fantom Ecologist (@ftm_ecologist) August 9, 2023

As per reports from X (formerly Twitter) user Fantom Ecologist, the current team at the forefront of this DeFi pioneer is actively seeking a suitable replacement to carry forward the platform’s operational responsibilities. The letter states:

Right now, we are looking for a team to hand over SpiritSwap and will be happily assisting them in their transit…

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