So I spend 300$k + on scam @AbstractChain and now facing racism because I’m calling out rugpull of @IglooInc Idk who this pedophile @pudgypenguins holder Eli is but seeing @Berko_Crypto allowing racism on pudgy discord says a lot about these scammers

Abstract is winding down. Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level. When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain. Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.  The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas. Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months. After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit. In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business. Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO. Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we don’t have conviction in would have been a disservice to our community. The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome. To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different. There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community. As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.  Return to Pudgy Penguins.

🚨STATEMENT🚨 Gm. This is a hard time for me, surely the worst day since I m in Web 3, of course I m sad because of the shut down of @AbstractChain, but I m a Lawyer/Attorney irl and I m not letting this as it is, I m sorry. Every affected user can dm me to join the group that will initiate the legal actions in the States through X or dc. In my capacity as counsel to persons affected by the announced shutdown of the Abstract network, I state the following: On the facts known to this firm, the matter bears serious indicia of criminal fraud and, only in the alternative, of civil fraud. It is not treated as a mere business decision to cease operations. In the coming weeks, in my condition of representant of the affected users from Abstract, I will contact the most prestigious lawfirms in the United States, to prepare and file a criminal complaint or, if appropriate, a civil action before the competent courts against @LucaNetz , @IglooInc , and any collaborators in the network who participated, by act or omission, in the matters under review. Those represented regard this as one of the most serious frauds committed in the cryptoasset space. The affected parties I represent are prepared to enter into good-faith, confidential negotiations with those responsible before proceedings are commenced. Contact may be made through this X account or on Discord: degorcaxyz. Absent a serious proposal within a short period, judicial proceedings will be brought without delay before the competent jurisdiction. All criminal, civil, and other rights and remedies of those represented are expressly reserved. 🤝

JUST IN: $87,000 Bitcoin