Sophon sets November 25 deadline for final mainnet asset withdrawals

Users must move SOPH, ETH, USDC, and any outstanding staking or farming rewards via the project’s official claims portal. The team emphasized that the five-day buffer is not an extension, explicitly urging holders to act before the infrastructure goes dark. Officials cautioned against using third-party migration sites, which often mimic legitimate portals to siphon funds through malicious wallet approvals.

The shutdown marks the conclusion of a transition initiated in June, when the project abandoned its standalone layer-2 blockchain. Founder and CEO Seb noted that the cost of maintaining proprietary infrastructure failed to justify the investment. Moving forward, the team is pivoting toward consumer finance and artificial intelligence applications on Coinbase’s Base network. While the SOPH token remains active following a 1:1 migration to Ethereum’s ERC-20 standard facilitated by Binance, its original utility—covering transaction fees and network staking—is being phased out in favor of a buyback and burn model linked to new revenue streams.