The Ren protocol warned users about the possible loss of assets
Wrapped Bitcoin issuer renBTC Ren Protocol has announced that it will remove Ren 1.0. due to a lack of funding previously coming from crypto lender Alameda Research.
The Ren team said that after version 1.0 is closed, a new community-driven version 2.0 will be launched. However, the two versions may not be compatible. Therefore, users should burn the tokens circulating on Ethereum and return them to the original blockchain as soon as possible to protect themselves from potential risk:
“Because compatibility between Ren 1.0 and 2.0 cannot be guaranteed, Ren asset holders should revert to native tokens as soon as possible or risk losing them.”Ren allows bitcoin holders to lock up their holdings and create a wrapped version that can be used on Ethereum.
