{"id":10925,"date":"2026-07-20T10:03:20","date_gmt":"2026-07-20T10:03:20","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10925"},"modified":"2026-07-20T10:03:20","modified_gmt":"2026-07-20T10:03:20","slug":"ethereum-bridge-users-have-24-hours-to-exit-before-chain-shuts-down-after-just-5-week-warning","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10925","title":{"rendered":"Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Powerloom, a blockchain network built for decentralized data infrastructure, is scheduled to halt permanently at 6:00 AM UTC on July 21. Users with POWER or other transferable assets still held on the network have under 24 hours to move them to Ethereum as of press time.<\/p>\n<p>Currently, Powerloom&#8217;s official wind-down page lists the bridge as active. The project&#8217;s final reminder directed users to initiate a withdrawal through the official bridge and complete the claim on Ethereum before the cutoff.<\/p>\n<p>The bridge only covers balances already available for transfer on Powerloom. Reward claims, unstaking, and node burns closed when mint.powerloom.network went offline at 6:00 AM UTC on July 16.<\/p>\n<p>Powerloom says unclaimed rewards, staked POWER, or node-slot funds that still depended on those dashboard workflows can no longer be recovered. The remaining eligible group is holders with liquid on-chain balances; users waiting on claims or unstaking have no recovery path.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-548882\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671.png\" alt=\"Powerloom shutdown timeline showing July 16 closures, the final bridge window, the July 21 permanent chain halt, and which assets remain accessible on Ethereum.\" width=\"720\" height=\"1133\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671.png 1000w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-191x300.png 191w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-651x1024.png 651w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-768x1208.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-976x1536.png 976w\" sizes=\"(max-width: 720px) 100vw, 720px\"\/><img decoding=\"async\" class=\"lazyload aligncenter wp-image-548882\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671.png\" alt=\"Powerloom shutdown timeline showing July 16 closures, the final bridge window, the July 21 permanent chain halt, and which assets remain accessible on Ethereum.\" width=\"720\" height=\"1133\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671.png 1000w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-191x300.png 191w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-651x1024.png 651w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-768x1208.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/exec-91b94a1d-ae62-4dc3-ac66-7546a15dc671-976x1536.png 976w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/swellchain-bridge-risk-1024x576.jpg\" alt=\"Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/swellchain-bridge-risk-1024x576.jpg\" alt=\"Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on<\/h3>\n<p>Swell warned users to bridge out by June 23, turning a planned L2 shutdown into a test of user exit procedures.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jun 24, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<h2>What disappears after the deadline<\/h2>\n<p>Powerloom says the chain will stop producing blocks at shutdown. Contracts and state on the network will become inaccessible, and the Arbitrum-based bridge will stop functioning because it will no longer have an operating source chain to connect to.<\/p>\n<p>That dependency is the wider risk behind the deadline. A bridge works only while both sides of a transfer remain available. When one underlying chain is retired, the exit route can vanish even though the destination network continues operating. In Powerloom&#8217;s case, balances left behind can become stranded with the chain&#8217;s inaccessible state.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/taiko-bridge-1024x576.jpg\" alt=\"Crypto users told to pull funds after Ethereum L2 bridge failure exposes rollup exit risk\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/taiko-bridge-1024x576.jpg\" alt=\"Crypto users told to pull funds after Ethereum L2 bridge failure exposes rollup exit risk\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Crypto users told to pull funds after Ethereum L2 bridge failure exposes rollup exit risk<\/h3>\n<p>The incident forced users to confront the part of rollup security that usually stays invisible: whether they can still withdraw when the bridge layer breaks.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jun 23, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<p>Ethereum-held POWER remains separate from the shutdown. Powerloom says its ERC-20 contract at <code>0x429F0d8233e517f9acf6F0C8293BF35804063a83<\/code> is immutable and will remain accessible on-chain. The deadline applies to assets and application state left on Powerloom, including balances that are not bridged in time. The POWER contract already deployed on the Ethereum network sits outside that deadline.<\/p>\n<div id=\"cs-inline-newsletter-6a5dee61748c2\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>In a June 15 wind-down announcement, Powerloom&#8217;s founders said they had concluded that the project lacked a sustainable operating model, continued ecosystem demand, and sufficient resources to support the network over the long term.<\/p>\n<p>The founders stated,<\/p>\n<blockquote>\n<p>\u201cAfter a hard review of Powerloom\u2019s path forward, I and Swaroop have decided to wind down Powerloom.<\/p>\n<p>This is not the outcome we wanted. Powerloom began with a clear belief: that onchain applications should have access to reliable, verifiable, decentralized data infrastructure. Over the years, the team and community helped bring that vision through multiple phases\u2014testnet, mainnet, snapshotter participation, data markets, validator infrastructure, and developer-facing products.<\/p>\n<p>It is a bittersweet goodbye for both of us founders, and hopefully for some of the friends we made along the way. \u201c<\/p>\n<\/blockquote>\n<p>Before the wind-down, Powerloom had launched its decentralized sequencer-validator network and BDS data market, alongside snapshotter, validator, and developer-facing infrastructure.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/botanix-bitcoin-defi-problem-1024x576.jpg\" alt=\"Bitcoin DeFi\u2019s demand problem is becoming harder to ignore\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/botanix-bitcoin-defi-problem-1024x576.jpg\" alt=\"Bitcoin DeFi\u2019s demand problem is becoming harder to ignore\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin DeFi\u2019s demand problem is becoming harder to ignore<\/h3>\n<p>Botanix is winding down after showing Bitcoin DeFi could run, but still struggled to attract enough real demand.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jun 16, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<p>Affected users now face a fixed deadline: move transferable assets to Ethereum and finish the claim before 6:00 AM UTC on July 21, or lose access when the Powerloom chain and its bridge stop.<\/p>\n<\/div>\n<p>Community,Featured,Outage,Web3,ethereumethereum#Ethereum #bridge #users #hours #exit #chain #shuts #week #warning1784541800<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Powerloom, a blockchain network built for decentralized data infrastructure, is scheduled to halt permanently at 6:00 AM UTC on July 21. Users with POWER or other transferable assets still held on the network have under 24 hours to move them to Ethereum as of press time. Currently, Powerloom&#8217;s official wind-down page lists the bridge as<\/p>\n","protected":false},"author":1,"featured_media":10926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2089,1311,31,3349,877,1767,360,358,1190],"class_list":["post-10925","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bridge","tag-chain","tag-ethereum","tag-exit","tag-hours","tag-shuts","tag-users","tag-warning","tag-week"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Powerloom shutdown leaves users less than 24 hours to bridge remaining funds to Ethereum before permanent network closure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10925\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning\" \/>\n<meta property=\"og:description\" content=\"Powerloom shutdown leaves users less than 24 hours to bridge remaining funds to Ethereum before permanent network closure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=10925\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-20T10:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/07\/powerloom-chain-shutdown-final-ethereum-exit-portal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10925\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=10925\",\"name\":\"Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10925#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10925#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/07\/powerloom-chain-shutdown-final-ethereum-exit-portal.jpg\",\"datePublished\":\"2026-07-20T10:03:20+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Powerloom shutdown leaves users less than 24 hours to bridge remaining funds to Ethereum before permanent network closure.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10925#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=10925\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10925#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/07\/powerloom-chain-shutdown-final-ethereum-exit-portal.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/07\/powerloom-chain-shutdown-final-ethereum-exit-portal.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=10925#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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