DeFi yield protocol Pyra ceases operations
Foresight News reported that the DeFi yield protocol Pyra, affected by the Drift Protocol attack, has announced it will cease operations. Pyra stated that it has not found a sustainable way to continue after the incident and has currently suspended new user registrations. Existing users can withdraw funds before September 15. Pyra also mentioned that after Drift launches its "recovery tokens," they will be distributed to affected users through a web portal.
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.
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