Yes. The official Blast account announced on 2 October 2026 that it is winding down the network: according to the team statement, costs of supporting it exceed revenue, and there is no path to a sustainable economy. This means a planned closure, not a report that the network has already stopped.

Yes. The official Blast account announced on 2 October 2026 that it is winding down the network: according to the team statement, costs of supporting it exceed revenue, and there is no path to a sustainable economy. This means a planned closure, not a report that the network has already stopped.

Blast asks to move assets to Ethereum mainnet. During withdrawal of Lido assets, which should take about a week, withdrawals will be temporarily unavailable. After that, the team promises to cut the withdrawal delay to 24 hours. The usual interface will be available until 26 October 2026; after that date, assets, according to Blast, will remain withdrawable directly through bridge contracts in Ethereum, and instructions are promised later. Official announcement

The forwarded text correctly conveys the fact of the wind down, but the claim that the network will go dark and take funds does not match the announced terms: Blast states directly that assets will remain withdrawable after 26 October. The team also warns about impersonators and states that its official account is @blast. Follow the published Blast instructions and do not send funds to addresses from forwarded messages.

The data confirm Blast plans and the promised withdrawal procedure; by themselves they do not guarantee that the team will carry them out without changes.