Is this a rug pull?

No. A rug pull typically involves abandoning a project without notice or misappropriating community funds. That isn’t what’s happening here.

We’re publicly announcing the transition, explaining why it’s happening, providing a clear wind-down plan, continuing customer support, and remaining available to answer questions throughout the process. While we understand many people will be disappointed by this outcome, we’re committed to handling the wind-down responsibly, transparently, and with respect for the community that helped build Cypher.