Can you elaborate? Is their node closing channels?

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It appears so. You can closures on channels to multiple different node entities including bitfinex, Kraken, and Nicehash.

Very odd. Particularly without an explanation or prior notice.

Do you track their on-chain funds as well? Wonder if they migrate to a new node or something.

Not anything beyond closing and reopening channels on the same node. We're too busy keeping track of what is happening on lightning!