DeFi lending protocol Ionic Protocol announces cessation of operations, users must withdraw funds as soon as possible

Odaily Planet Daily News: DeFi lending protocol Ionic Protocol announced on platform X that, due to the expanding impact of a security vulnerability incident that occurred in 2025, the project has been forced to immediately cease all operations. All users need to withdraw their assets from its various deployments as soon as possible. Ionic Protocol added that there was "no other choice" in making the decision to shut down, and the relevant services have now entered the termination process.