PANews reported on November 28 that Coinbase Assets posted on the X platform that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase before January 13, 2025 to prevent the funds from being unavailable. After the hard fork is executed, the Celo L1 network will stop generating blocks, customers will no longer be able to send or receive assets on the Celo L1 network, and all funds remaining on Coinbase will be unavailable.