TON Announces Closure of Toncoin Bridge on May 10, 2025
Summary:
The TON Foundation announced the closure of the Toncoin Bridge by May 10, 2025.
This bridge allowed Toncoin transfers between the TON blockchain and Ethereum/BNB Smart Chain.
Reason for Closure:
The foundation confirmed that security concerns and the development of better cross-chain solutions were the reasons behind the bridge's closure. Users have been urged to withdraw their assets before the closure date.
Future Plans:
TON is exploring native interoperability protocols that provide more secure and decentralized bridge mechanisms.
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