Pragmatic abruptly halts points program amid user criticism

Pragmatic (FRAG), a Solana-based liquid restaking protocol, has announced the suspension of its points program through its official X account. The protocol stated that as of 0:00 a.m. UTC on June 26, F points would no longer be accrued. It explained that continuing the program would require additional commitments that are not aligned with the protocol's long-term sustainability and the interests of the ecosystem. The announcement has intensified community criticism amid ongoing withdrawal delay controversies, with many accusing the project team of irresponsibility. The operator of the Telegram channel 'Cheongnyeonyeoljeongmara,' which has approximately 15,000 subscribers, noted that this move suggests something is wrong with the project. The operator highlighted several existing issues, including withdrawal delays for deposited BTC that have lasted for over two months, the team shifting responsibility, a buyback program that was halted in April without notice, and the closure of communication channels, all while failing to provide previously promised explanations.