DeFi yield protocol Pyra has announced it is ceasing operations following an attack affecting Drift Protocol.
According to Foresight News, Pyra said it has not found a sustainable way to continue operating after the incident.
The protocol has suspended new user registrations, and existing users can withdraw funds until September 15.
Pyra also said it will distribute Drift’s planned “recovery tokens” to affected users through a web portal once the tokens are launched.
Pyra Halts Operations After Drift Protocol Attack, Sets September 15 Withdrawal Deadline
2026-06-16 08:34:04
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