DeFi lending protocol Ionic Protocol announces shutdown, users urged to withdraw funds as soon as possible

Odaily reports that DeFi lending protocol Ionic Protocol announced on X platform that due to the escalating impact of a security breach incident in 2025, the project has been forced to immediately cease all operations. All users are required to withdraw their assets from all deployments as soon as possible. Ionic Protocol added that the decision to shut down was made with "no other option," and related services are now in the termination process.