Binance-Backed Alpaca Finance Announces Shutdown by December 2025

Alpaca Finance, once a leading DeFi protocol on BNB Chain, has announced its decision to wind down operations by December 2025. The platform, known for its Leveraged yield farming and decentralized perpetuals, cited an unsustainable business model in the current hyper-competitive DeFi landscape as the primary reason for its closure. All services, including yield farming platforms and automated vaults, will be gradually discontinued over the coming months. This marks the end of an era for one of BNB Chain’s earliest DeFi pioneers.

Alpaca Finance, Once a DeFi Giant on BNB Chain, Will Shut Down

Alpaca Finance, a pioneering force in leveraged yield farming on BNB Chain, announced plans to cease operations by December 2025. The protocol cited an unsustainable business model in today’s hyper-competitive DeFi environment as the primary reason for its wind-down.

All products—including yield farming platforms, automated vaults, and decentralized perpetuals—will be gradually discontinued over the coming months. Users retain front-end access until year-end 2025 to withdraw assets securely. "This decision preserves community interests above all," the team stated, emphasizing the protocol’s commitment to an orderly sunset.

Launched during DeFi’s 2021 heyday, Alpaca briefly dominated BNB Chain’s leveraged farming sector before market pressures eroded its viability. The closure underscores the sector’s escalating capital demands and Darwinian selectivity.

Crypto Kidnapping Cases Surge Globally, Binance Report Reveals

Cryptocurrency-related kidnappings are escalating worldwide, with the United States recording the highest incidence since 2019. Europe leads in total reported cases, while Southeast Asia emerges as the most affected region in Asia. Perpetrators are increasingly targeting individuals and their families, employing physical threats to extort digital assets.

A recent Binance report highlights a troubling shift from online scams to offline violence. Attackers now use coercion and abduction to force victims into surrendering private wallet credentials. This trend underscores the darker side of crypto adoption, where digital wealth becomes a literal ransom demand.