Bitcoin infrastructure protocol Echo Protocol announces it will gradually shut down.

Bitcoin infrastructure protocol Echo Protocol announced on social media that it will gradually wind down its operations due to business adjustments. The project team thanked the community, partners, and users for their long-term trust and support in the announcement, and pledged to complete subsequent liquidation work transparently and responsibly. Currently, all core businesses of Echo Protocol have stopped accepting incremental funds. Its lending protocol has halted new deposits, new borrowings, and interest accruals, while strategy and LSD businesses have also suspended new deposits and new staking. The team has opened repayment, withdrawal, and necessary asset liquidation channels, urging users to act promptly: Borrowers must repay debts, release collateral, and withdraw assets as soon as possible; strategy and LSD users should initiate exits and claims early; users holding aBTC can still redeem via the Aptos-to-B² cross-chain bridge. To ensure orderly liquidation, the announcement specified key deadlines: All borrowers with outstanding debts must repay by November 14, 2026. Unpaid loans after this date will trigger collateral liquidation, with proceeds used to repay lenders. The final deadline for users to complete repayment, withdrawal, and unstaking is 23:59 UTC on November 19, 2026. After this date, Echo Protocol will officially cease operations, with all remaining positions entering the final liquidation and settlement process, and only the Aptos-to-B² cross-chain bridge redemption service will remain active. Notably, as LSD and Strategy assets depend on the timing of underlying staking/unstaking requests, users' actual claim timelines will be subject to this factor.