2026-01-15 19:28:31

The Cookie team suddenly shut down the Snaps feature, leaving creators, event operators, and staking users in distress. The market reacted quickly, with $COOKIE tokens plummeting nearly 11%.

This incident highlights a core issue: when project teams can shut down key product features overnight, user assets and rights are directly exposed to risk. Trust between the team and the community is built on transparency and accountability commitments. Without prior communication, risk contingency plans, or measures to protect user liquidity, even the best ecosystem can become unstable. This serves as a warning to the entire Web3 ecosystem—how important governance transparency and user protection mechanisms are.

COOKIE-18,23%

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AirdropHarvester

· 3h ago

Another big drama unfolds, the project team says it's shut down and users are left in the dark? This is Web3—risks are on your own, but transparency is zero. Suddenly shutting down core features causes the token price to plummet by 11%. How uncomfortable must the stakers feel... Trust is truly fragile. It seems these incidents are happening more and more, a pattern of getting on first and running away later? Is it so hard to communicate in advance? Another textbook-level negative case. The governance aspect needs to be urgently reviewed; otherwise, the reputation of Web3 will be drained sooner or later. Staking users are directly caught in a trap—that's called risk. But why was there not even a hint beforehand?

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ChainMaskedRider

· 13h ago

Here we go again, the project team says shut it down and users become the victims. --- That's why I never heavily invest in new projects, it's just too unethical. --- When Snaps shuts down, the stakers probably get completely devastated; an 11% drop is already quite modest. --- Trust is something that can be shattered completely overnight and can never be glued back together. --- So our assets are just used as chips like this, Web3 is truly incredible. --- Without governance, there's no sense of security. How can anyone dare to push so hard? --- Transparency? That's a joke, this is a textbook example of behind-the-scenes manipulation. --- Creators probably have to cry their eyes out, everything is gone.

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OnchainUndercover

· 13h ago

Another prelude to a rug pull, this time starting directly from the functionality A sudden 11% crash overnight, it should have been obvious Web3 is still the same old trick, trust is the most expensive word

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GasFeePhobia

· 13h ago

Coming again? Where's the decentralization you promised? It all gets overturned by a single statement from the team. --- That's why I refuse to touch projects without governance—an emergency announcement can change the game rules? --- COOKIE's recent move is truly outrageous. If I had known, I wouldn't have staked it. Now I'm at a loss of 11%... --- Promises without transparency are useless. Web3 still needs to protect itself. --- The problem is, this kind of thing will happen again unless there's a real on-chain governance mechanism.

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BanklessAtHeart

· 13h ago

It's the same old story again, with project teams disappearing and communities getting rug-pulled... I just want to ask the Cookie team, how shameless is this move?

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SerNgmi

· 13h ago

Here we go again? The team just shuts down at will, leaving users with nothing. What do you call that if not the Web3 spirit? --- A 11% plunge is considered polite; once trust is broken, there's no way to glue it back. --- Typical project team shifting blame and shutting down; they won't even communicate in advance. That's why I avoid small-cap coins. --- Staking users suffer the most—funds are still locked, and then the platform just disappears. Truly ruthless. --- So, DeFi DAO governance is just that—more people, but still the same old decision-making power. --- If it were multi-signature control, it might be okay, but single-signature manipulation is truly outrageous. --- The Snaps ecosystem collapsed all at once; so many people's efforts went down the drain. Such a pity.

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