Your crypto can survive a blockchain shutdown. Your way out might not

Your crypto can survive a blockchain shutdown. Your way out might not

Summary

Lisk’s LSK token remains active after the chain shutdown, but users who left assets on its later L2 network must wait for a manual claims process planned for January 2027. Eligibility, required steps and recovery timing are still unknown; the plan does not reopen claims for the legacy L1, whose window closed in May 2026. LSK held on Ethereum or exchanges was unaffected. Lisk says about 5.2 million tokens in its rewards contract will be burned, excluding users’ staked LSK. Separately, Recall Foundation’s app becomes read-only on Nov. 30, while staked RECALL holders must initiate withdrawals through contracts on Base after applicable lockups. The Foundation excludes staked tokens from its planned burn but offers no buyback, redemption or treasury distribution. Both cases show that token ownership alone does not ensure access to deposited assets.