R2 Protocol’s X account suspended after mainnet launch
X has suspended the account of R2 Protocol, a decentralized yield platform for real-world assets, just after the platform’s mainnet launch.
- R2 Protocol launched its mainnet on Ethereum on September 26, 2025.
- The project’s X account looks to have been suspended.
The R2 Protocol launched its mainnet on Ethereum, going live on Sept. 26 as the onchain yield platform looked to democratize access to real-world yield. The project unveiled a tokenized U.S. Treasuries and private credit-backed vault and saw immediate complaints from users regarding deposits of USDC to access rewards on the mainnet.
A look at the project’s X account @r2yield shows it has been suspended. X says it suspends accounts that violate its rules.
What is R2 Protocol?
R2 offers R2USD, a stablecoin that allows holders to access off-chain yield sources across the decentralized finance market. Token holders also get exposure to staking derivatives and a reward system that means one’s stablecoin holdings are not just an idle store of value but a yield-generating asset.
As crypto.news highlighted earlier, the R2 team had seen the protocol’s total value locked rise to a significant amount just after launch. The rewards offer for early users attracted more than 154,000 participants. Likely a mass reporting of the project’s X account led to this suspension.
X revealed a bribery network
R2 Protocol’s mainnet launch and X account suspension comes just days after X, the social media platform owned by billionaire and Tesla chief Elon Musk, disclosed an investigation against a bribery network involving platforms perpetuating crypto scams.
Notably, X said its employees have been approached by a network of individuals seeking to have suspended accounts reinstated.
“X has exposed and is taking strong action against a bribery network targeting our platform. Suspended accounts involved in crypto scams and platform manipulation paid middlemen to attempt to bribe employees to reinstate their suspended accounts,” the social media platform noted.
The suspension of R2’s account may not be related to this. However, it will raise questions as the community looks to what happens next.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
R25's rcUSD+ Seeks to Connect DeFi and TradFi, Addressing the $55 Trillion Yield Disparity
- R25 launches rcUSD+, a yield-bearing stablecoin on Polygon, bridging DeFi and traditional finance with 1:1 USD peg and low-risk asset returns. - The token differentiates itself by generating income from institutional-grade assets like money market funds, offering DeFi users transparent yield opportunities. - Market growth sees $36B in tokenized RWAs and $300B in stablecoins, but rcUSD+ faces scrutiny over missing audit details and verification gaps. - Competing with USDY and Centrifuge, R25's Ant Financi
Dogecoin News Today: Dogecoin Faces Key Support Challenge While EV2 Presale Attracts Growing Investor Confidence
- Dogecoin (DOGE) tests critical $0.115–$0.125 support, with a breakdown risking a $0.08–$0.09 decline amid weakening technical indicators. - EV2’s $0.01 presale has raised $400K+ for a Web3 shooter game, attracting investors seeking utility-driven crypto projects. - Grayscale’s DOGE ETF launch and institutional interest contrast with bearish market sentiment and regulatory uncertainties. - CleanCore’s 78% stock drop highlights risks of Dogecoin treasury bets as holdings erode below $0.238 average purchase
Ethereum Updates Today: AI Trends and Meme Craze Drive Crypto's Dramatic Rally Despite Bubble Concerns
- Datavault AI (DVLT) announced a meme coin airdrop for shareholders, boosting shares 4.91% pre-market. - Mutuum Finance (MUTM) raised $18.8M in presale, with 800M tokens sold and potential 500% returns for early buyers. - BitMine Immersion (BMNR) holds 3.6M ETH, citing Ethereum tokenization and regulatory progress as growth drivers. - Digi Power X (DGXX) raised price target to $5, planning 55MW HPC deployment and AI infrastructure shift. - J.P. Morgan warned of AI-driven market bubbles, while Sampo's buyb
Ethereum News Update: Buterin: Ethereum's Privacy Features Require Improved User Experience
- Vitalik Buterin introduces Kohaku, a privacy framework for Ethereum to enhance onchain security and user anonymity. - Launched at the Ethereum Cypherpunk Congress, Kohaku aims to integrate mixnets and ZK browsers while addressing usability gaps in privacy tools. - Buterin highlights the "last mile" challenge: advanced cryptography exists, but user experience remains fragmented with separate seed phrases and limited multi-sig options. - The Ethereum Foundation reinforces privacy as a core right, rebrandin
Trending news
MoreCrypto prices
More
