Per Woofun AI, DeFi yield protocol Pyra has announced the suspension of its operations following the recent security incident involving the Drift Protocol. The team disclosed that they have been unable to identify a sustainable operational model in the aftermath of the attack, prompting the immediate halt of services.

Concurrently, Pyra has paused new user registrations to mitigate further exposure. Existing users are instructed to withdraw their funds before the September 15 deadline. The protocol also confirmed that any 'recovery tokens' issued by Drift will be distributed to affected participants through its official web portal once available.