Legend Shuts Down Operations on July 12 After Failing to Achieve Sustainable Growth

According to BlockBeats, on May 13, Legend announced it will shut down operations and close its onchain finance application on July 12. The team stated that while the product attracted real users, growth did not reach the level needed for long-term sustainability. Existing users must withdraw their funds before July 12, with the company sending reminders over the next 60 days.
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