PANews April 20 news, the metaverse platform HYTOPIA posted on platform X stating that HYTOPIA is currently awaiting a large tax refund from the IRS. Without this funding, HYTOPIA cannot continue to bear the current project operational costs, and is forced to temporarily suspend infrastructure. hytopia.com and related websites and services will temporarily go offline to reduce hosting and operating expenses. The shortfall in operational funds has also led to disputes with the HY Foundation due to unpaid invoices, causing delays in the delivery of some token-related products. HYTOPIA expects downtime to be around 1 to 3 months, and will announce the next steps after the tax refund is completed. HYTOPIA emphasizes that the HY Foundation is an independent entity separated from HYTOPIA.

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