Moonbeam halts user transactions, GLMR holders must contact helpdesk for recovery

Moonbeam closed its GLMR migration window on July 31 at 23:59 UTC as the Polkadot network transitioned into operational wind-down ahead of a relaunch on Base. This cutoff ended the standard route for self-custodied free balances, while exchange holdings and frozen balances are subject to separate handling. The migration locked GLMR on Moonbeam and released an equivalent amount from a reserve on Base at a 1:1 rate. At 20:20 UTC on July 31, the migration contract held approximately 308.183 million GLMR, with total issuance around 1.241 billion GLMR, indicating a direct-bridge uptake of 24.83%. The remaining 75.17% includes free holdings, exchange custody, staking, and other categories. Moonbeam advised users to withdraw funds from various protocols before the deadline, warning that funds left deployed may become inaccessible. For frozen staking and crowdloan balances, Moonbeam will honor them on Base if holders meet account-signature and snapshot requirements. However, there is no explicit commitment for governance locks or unclaimed rewards. After the bridge closed, late holders were directed to email the helpdesk for individual review, with no guarantee of recovery for every balance. Exchange handling varied, with KuCoin converting GLMR balances at 1:1 and Bybit announcing its own migration schedule. The network entered maintenance mode at 00:00 UTC on August 1, rejecting user transactions while block production continued.

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