Switchboard Declares End of Operations, Demands Immediate Protocol Migration

Multiple chain oracle project Switchboard has declared an end to its operations and demanded immediate migration to alternative protocols. Ublockchain reported that Switchboard Technology Labs, the core development contributor behind Switchboard, is gradually winding down remaining business activities and halting all Switchboard implementations.

Earlier, Chaincather reported that Switchboard had suspended oracle operations on Aptos, Suil, IOTA, and Movement Network following potential intrusion reports. At the time, Switchboard noted that similar issues were not reported in Solana implementation and advised users to temporarily migrate to other oracle services.