ZKSync Lite to shut down on May 4

ZKSync (ZK) will officially shut down ZKSync Lite on May 4, The Block reported. ZKSync Lite is regarded as the first zero-knowledge rollup on the Ethereum network. ZKSync added that it will halt block production and freeze the network on that date. While the approximately $33.9 million in assets bridged to the network can still be claimed after the shutdown, users are advised to withdraw their funds before May 4. Development on ZKSync Lite was effectively halted in March 2023 with the launch of ZKSync Era, which supports smart contracts.