Over Protocol shuts down all services amid financial trouble

The Over Foundation announced yesterday evening that it has suspended all service operations for the Over Protocol due to financial difficulties. Consequently, core infrastructure services such as OverWallet, OverNode, RPC endpoints, and the block explorer have all been shut down, with the foundation stating there are no plans for recovery. The foundation also explained that while the Over Protocol was designed to be decentralized, the service suspension by its operating entity will likely cause the chain to effectively halt. The foundation expressed regret, stating that it had aimed to build a Layer 1 network open to everyone but was unable to see the project through to completion.