DeFi application Legend will cease operations and officially shut down on July 12

Foresight News reports that Jason, co-founder of the DeFi application Legend, announced on the X platform that the team has decided to close the company after two years of operation. The application will continue to function normally for 60 days and will officially be taken offline on July 12. The new user registration function is discontinued effective immediately, and the platform will send weekly reminder notifications to users with remaining balances. The team stated that users with funds on the platform must withdraw their assets before closure.